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Short- and long-run elasticities in energy demand: A cointegration approach

✍ Scribed by Jan Bentzen; Tom Engsted


Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
826 KB
Volume
15
Category
Article
ISSN
0140-9883

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## Abstract This paper proposes a cointegration approach to testing the validity long‐run equilibrium in production, where capital and labour are taken as quasi‐fixed inputs. Previous studies consider only capital as the quasi‐fixed input and do not take account of the time series properties of the