A Dynamic Econometric Model of Thailand Manufacturing Energy Demand

Suthep Buranakunaporn, Edward Oczkowski

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The purpose of this paper is to employ the dynamic translog framework to model inter-factor and inter-fuel energy demand for the Thai manufacturing sector. The Denny, Fuss and Waverman (1981) and Lynk (1989) framework, which proposes a dynamic adjustment for capital stock is employed to motivate the estimated of factor demand and fuel share equations. Three factors: energy, labour and capital; and five fuel types: fuel oil, diesel oil, LPG, electricity, and coal and lignite; are examined. Regression diagnostics support the empirical specification. Numerous factor and fuel substitution possibilities are identified, with some policy implications described.
Original languageEnglish
Pages (from-to)2261-2267
Number of pages7
JournalApplied Economics
Volume39
Issue number17
DOIs
Publication statusPublished - 2007

Fingerprint

Thailand
Energy demand
Manufacturing
Econometric models
Factors
Oil
Translog
Energy
Dynamic adjustment
Factor demand
Diagnostics
Electricity
Labor
Capital stock
Policy implications
Substitution
Manufacturing sector

Cite this

Buranakunaporn, Suthep ; Oczkowski, Edward. / A Dynamic Econometric Model of Thailand Manufacturing Energy Demand. In: Applied Economics. 2007 ; Vol. 39, No. 17. pp. 2261-2267.
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A Dynamic Econometric Model of Thailand Manufacturing Energy Demand. / Buranakunaporn, Suthep; Oczkowski, Edward.

In: Applied Economics, Vol. 39, No. 17, 2007, p. 2261-2267.

Research output: Contribution to journalArticle

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