The Resource Energy Demand in Industry : What Factors Are Important?, by Nabaz T Khayyat, (electronic resource)

Energy Demand in Industry : What Factors Are Important?, by Nabaz T Khayyat, (electronic resource)

Label
Energy Demand in Industry : What Factors Are Important?
Title
Energy Demand in Industry
Title remainder
What Factors Are Important?
Statement of responsibility
by Nabaz T Khayyat
Creator
Author
Author
Subject
Language
  • eng
  • eng
Summary
The book presents a stochastic analysis based on production risk and application of this method in the industrial sector under production risk where energy use is an input factor. Using South Korea as a case study, the book empirically models energy demand at the industrial level and analyzes the results to identify key determinants of energy demand, productions level, productions risk and energy usage efficiency. Particular attention is paid to the factors that enhance production risk or increase variations in energy input during production. A dynamic panel model is specified and applied to 25 Korean industrial sectors over the period 1970-2007. The determinants of energy usage are identified and their effects in the form of elasticities of energy usage are estimated. In addition the structural changes in the energy demand pattern are explored. Stochastic production technology is applied to create two primary models: A production model where the energy usage is a determinant of output, and an energy demand model based on an inverted factor demand model where demand is a key determinant of the level of energy usage. The findings reveal that: First, there are large variations in the degree of overuse or inefficiency in energy usage among the individual industries and over time; second, ICT (information and communication technology) capital and labor are substituting energy; third, ICT capital and value added services are two input factors decreasing the variability of energy demand while non-ICT capital, material and labor are increasing the variability of energy demand. Finally, the results suggest that technical progress contributes more to the increase of mean of energy demand than to the reduction of the level of risk. An emerging recommendation is that industries increase the level of ICT capital and digitalization and invest more in R&D activities and value added services to reduce the uncertainty related to their demand for energy. This study forms the structure of the demand for energy under stochastic production risk for the South Korean industrial sector. Public research programs aimed at the industrial sector should be concerned about both mean and risk properties in research on new technologies and in the investigation of possible alternative energy inputs. This book describes the state of the art in energy usage analysis and production risk, applying factor requirement methodology. It will be of use as a main or supplementary text in the teaching of advanced graduate courses but also as a reference for those working on empirically advanced research. The book is an important addition to the existing literature on industrial development, with its focus on energy as a core production input
Member of
http://library.link/vocab/creatorName
Khayyat, Nabaz T
Dewey number
621.042
http://bibfra.me/vocab/relation/httpidlocgovvocabularyrelatorsaut
i8jDl49NwH4
Language note
English
LC call number
TK1001-1841
Literary form
non fiction
Nature of contents
dictionaries
Series statement
Green Energy and Technology,
http://library.link/vocab/subjectName
  • Energy Systems
  • Energy Policy, Economics and Management
  • Energy Policy, Economics and Management
Label
Energy Demand in Industry : What Factors Are Important?, by Nabaz T Khayyat, (electronic resource)
Instantiates
Publication
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references at the end of each chapters and index
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
1 Overview -- 2 History Of Economic Development In South Korea -- 3 Survey Of Existing Researches Related To Energy Demand -- 4 Survey Of Existing Researches Related To Production Risk -- 5 Econometrics Of Panel Data Estimation -- 6 Energy Demand Data -- 7 Energy Demand Models Estimation -- 8 Energy Demand Model I -- 9 Energy Demand Model Ii -- 10 Summary And Conclusion
Dimensions
unknown
Edition
1st ed. 2015.
Extent
1 online resource (206 p.)
Form of item
online
Isbn
9789401799539
Media category
computer
Media type code
c
Other control number
10.1007/978-94-017-9953-9
Specific material designation
remote
System control number
  • (CKB)3710000000463599
  • (EBL)3568238
  • (SSID)ssj0001546723
  • (PQKBManifestationID)16140990
  • (PQKBTitleCode)TC0001546723
  • (PQKBWorkID)14796083
  • (PQKB)10869973
  • (DE-He213)978-94-017-9953-9
  • (MiAaPQ)EBC3568238
  • (EXLCZ)993710000000463599
Label
Energy Demand in Industry : What Factors Are Important?, by Nabaz T Khayyat, (electronic resource)
Publication
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references at the end of each chapters and index
Carrier category
online resource
Carrier category code
cr
Content category
text
Content type code
txt
Contents
1 Overview -- 2 History Of Economic Development In South Korea -- 3 Survey Of Existing Researches Related To Energy Demand -- 4 Survey Of Existing Researches Related To Production Risk -- 5 Econometrics Of Panel Data Estimation -- 6 Energy Demand Data -- 7 Energy Demand Models Estimation -- 8 Energy Demand Model I -- 9 Energy Demand Model Ii -- 10 Summary And Conclusion
Dimensions
unknown
Edition
1st ed. 2015.
Extent
1 online resource (206 p.)
Form of item
online
Isbn
9789401799539
Media category
computer
Media type code
c
Other control number
10.1007/978-94-017-9953-9
Specific material designation
remote
System control number
  • (CKB)3710000000463599
  • (EBL)3568238
  • (SSID)ssj0001546723
  • (PQKBManifestationID)16140990
  • (PQKBTitleCode)TC0001546723
  • (PQKBWorkID)14796083
  • (PQKB)10869973
  • (DE-He213)978-94-017-9953-9
  • (MiAaPQ)EBC3568238
  • (EXLCZ)993710000000463599

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