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Energy-saving Technology Choices by Dutch Glasshouse Firms.
- Source :
-
Journal of Agricultural Economics . Mar2006, Vol. 57 Issue 1, p129-144. 16p. 5 Charts. - Publication Year :
- 2006
-
Abstract
- This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991–1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0021857X
- Volume :
- 57
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Journal of Agricultural Economics
- Publication Type :
- Academic Journal
- Accession number :
- 20588525
- Full Text :
- https://doi.org/10.1111/j.1477-9552.2006.00036.x