Industrial Energy Demand and Technological Change: A Firm-level Analysis of the Manufacturing Sector of India

By : Santosh Kumar Sahu , Satyanarayanan Seshadri

Page No: 132-144

Abstract
This paper examines the firm-level determinants of productionrelated energy use in Indian manufacturing firms from 2008 to 2019. The methodological approach is to estimate a system of factor share equations for the Indian manufacturing sector. Our main results indicate that non-natural (biased) technological change explains ‘factor-saving’ for energy and labour, ‘factor-using’ for capital and materials, energy complements materials and capital, and substitutes for labour in terms of cross-price elasticities.

Authors :
Santosh Kumar Sahu
Assistant Professor, Department of Humanities and Social Sciences, Indian Institute of Technology, Madras.

Satyanarayanan Seshadri
Associate Professor, Department of Applied Mechanics, Indian Institute of Technology Madras.
 

DOI: https://doi.org/10.32381/PROD.2021.62.02.4