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Firm Size and the Demand for Energy in Dutch Manufacturing, 1978-1986
Ist Teil von
Small business economics, 1990-01, Vol.2 (3), p.171-181
Ort / Verlag
Dordrecht: Kluwer Academic Publishers
Erscheinungsjahr
1990
Quelle
Business Source Ultimate
Beschreibungen/Notizen
As in most other industrialized countries the oil price shocks in the seventies led to major rearrangements in the production processes in Dutch manufacturing. The substitution of (expensive) energy consuming processes by less energy intensive ones is analyzed by means of a dynamic equation, relating the energy demand to the level of output, the price of energy and the prices of other inputs. Using a rather unique data set, consisting of panel data pertaining to several thousands of manufacturing firms, it is found that large firms can reduce energy costs more than small firms.