Energy and capital: Substitutes or complements'? Some results for the UK industrial sector
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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.
|Number of pages||7|
|Publication status||Published - 1984|