Abstract
This paper investigates the substitutability or complementarity possibilities between capital, labour and energy in the UK industrial sector, with particular attention to the capital-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.
| Original language | English |
|---|---|
| Pages (from-to) | 783-789 |
| Number of pages | 7 |
| Journal | Applied Economics |
| Volume | 16 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 1984 |