A derived demand econometric model of energy consumption in the transportation sector is presented. Gasoline, distillate residual fuel, jet fuel, liquefied gases, and coal are modeled separately with various procedures depending on the availability of data. It is shown that interfuel substitution possibilities are limited in the transportation sector. The importance of the capital stock in the various demand functions is also shown. The capital stock and the intensity of utilization of the stock play a central role in the determination of the demand for energy in the transportation sector.


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    Title :

    Derived Demand Model of Energy Demand in the Transportation Sector


    Contributors:
    M. Rodekohr (author) / L. Rubin (author)

    Publication date :

    1975


    Size :

    6 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English





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