Energy-Extended CES Aggregate Production: Current Aspects of Their Specification and Econometric Estimation
Energy-Extended CES Aggregate Production: Current Aspects of Their Specification and Econometric Estimation
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DOI：
10.3390/en10020202
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发表时间：
2017-02
期刊：
影响因子：
3.2
通讯作者：
P. Brockway;M. Heun;João Santos;J. Barrett
中科院分区：
文献类型：
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作者：
P. Brockway;M. Heun;João Santos;J. Barrett
资本-劳动-能源恒定替代弹性生产函数及其估计参数现已成为能源经济模型的关键部分，为能源和排放政策提供信息。然而，与这种能量扩展CES功能相关的规范和估计选择的整理和指导是不同的。这可能会导致CES功能的详细说明和估计不足，并对下游能源经济模型和气候政策产生连锁影响。作为回应，作为第一步，本文组装在一个地方，这些CES功能的经验估计所涉及的主要考虑因素。讨论的选择和他们的影响，导致建议CES生物学家。广泛的参考书目允许那些有兴趣深入挖掘CES参数估计过程的任何方面。
Capital–labour–energy Constant Elasticity of Substitution (CES) production functions and their estimated parameters now form a key part of energy–economy models which inform energy and emissions policy. However, the collation and guidance as to the specification and estimation choices involved with such energy-extended CES functions is disparate. This risks poorly specified and estimated CES functions, with knock-on implications for downstream energy–economic models and climate policy. In response, as a first step, this paper assembles in one place the major considerations involved in the empirical estimation of these CES functions. Discussions of the choices and their implications lead to recommendations for CES empiricists. The extensive bibliography allows those interested to dig deeper into any aspect of the CES parameter estimation process.