000			02807cam a22005534a 4500
001			5026
003			The World Bank
006			m d
007			cr cn|||||||||
008			020129s2009 dcu i001 0 eng
024	8		_a10.1596/1813-9450-5026
035			_a(The World Bank)5026
100	1		_aSerletis, Apostolos
245	1	0	_aOn Interfuel Substitution _h[electronic resource] : _bSome International Evidence / _cSerletis, Apostolos
260			_aWashington, D.C., _bThe World Bank, _c2009
300			_a1 online resource (56 p.)
520	3		_aThis paper estimates interfuel substitution elasticities in selected developing and industrialized economies at the national and sector levels. In doing so, it employs state-of-the-art techniques in microeconometrics, particularly the locally flexible normalized quadratic functional forms, and provides evidence consistent with neoclassical microeconomic theory. The results indicate that the interfuel substitution elasticities are consistently below unity, revealing the limited ability to substitute between major energy commodities (i.e., coal, oil, gas, and electricity). While the study finds some evidences of larger interfuel substitution potential in high-income economies as compared to that in the middle- and low-income economies in the industrial and transportation sectors, no such evidence is observed in the residential and electricity generation sectors or at the national level. The implication is that interfuel substitution depends on the structure of the economy, not the level of economic development. Moreover, a higher change in relative prices is needed to induce switching toward a lower carbon economy.
650		4	_aApproach
650		4	_aAvailability
650		4	_aClean energy
650		4	_aClimate change
650		4	_aClimate change policy
650		4	_aCoal
650		4	_aDemand for energy
650		4	_aElectricity
650		4	_aElectricity generation
650		4	_aEnergy
650		4	_aEnergy and Environment
650		4	_aEnergy consumption
650		4	_aEnergy Demand
650		4	_aEnergy demand
650		4	_aEnergy Production and Transportation
650		4	_aEnvironment
650		4	_aEnvironment and Energy Efficiency
650		4	_aFuel
650		4	_aFuel prices
650		4	_aFuel quantities
650		4	_aFuels
650		4	_aGas
650		4	_aNatural gas
650		4	_aOil
650		4	_aOil price
650		4	_aQuantity of fuel
700	1		_aSerletis, Apostolos
700	1		_aTimilsina, Govinda
776	1	8	_aPrint version: _iSerletis, Apostolos. _tOn Interfuel Substitution. _dWashington, D.C., The World Bank, 2009
830		0	_aPolicy research working papers.
830		0	_aWorld Bank e-Library.
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5026
999			_c23529 _d23529