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Identifier to cite or link to this item: https://hdl.handle.net/10086/22138

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Title
Energy-Saving Technological Change in Japan
Creator
Creator Name
Niizeki, Takeshi Niizeki, Takeshi
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
社会科学の高度統計・実証分析拠点構築 = Research Unit for Statistical and Empirical Analysis in Social Sciences
Key Word
relative energy price
energy-saving technological progress
Abstract
The energy-dependence of Japan's economy declined considerably following the first oil crisis in 1973. This paper examines what caused the sharp drop in the use of energy per unit of gross national product (GNP) observed in the 1970s and 1980s, using a simple neo-classical growth model with energy as a third production input. Two possible candidates are investigated: (i) the substitution effect due to changes in the relative price of energy, and (ii) energy-saving technological progress. The findings are as follows. First, the substitution effect alone is weak and alone cannot account for the decline in the energy-GNP ratio. Second, the estimated level of energy-saving technology more than tripled between 1970 and the late 1980s, and the model with energy-saving technological progress is able to explain the drop in the energy-GNP ratio well.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2012-01
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Global COE Hi-Stat Discussion Paper Series ; No. 218
Relation
Related Identifier
URI
  http://gcoe.ier.hit-u.ac.jp/english/index.html
Number of Pages
15
Sponsorship
グローバルCOEプログラム = Global COE Program
Appears in Collections
Global COE Hi-Stat Discussion Paper Series
URL
https://hdl.handle.net/10086/22138