Energy and capital: substitutes or complements? Some results for the UK industrial sector
- 1 October 1984
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 16 (5) , 783-789
- https://doi.org/10.1080/00036848400000027
Abstract
This paper investigates the substitutability or complementarity possibilities between capital, labour and energy in the UK industrial sector, with particular attention to the captial-energy relationship. It is found, using the translog-cost-function approach, that capital and labour as well as energy and labour are substitutes. However, capital and energy are found to be complements.This publication has 5 references indexed in Scilit:
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