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      <record key="001" att1="001" value="LIB909608908" att2="LIB909608908">001   LIB909608908</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-23.pdf</field>
      <field key="079" subkey="z">Raj, Baldev - et al., The Energy-Capital Complementarity Debate: An Example of a Bootstrapped Sensitivity Analysis (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/23.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 23 (RePEc)</field>
      <field key="100" subkey="">Raj, Baldev</field>
      <field key="103" subkey="">Department of Economics, Wilfried Laurier University, Waterloo, Ontario</field>
      <field key="104" subkey="a">Veall, Michael R.</field>
      <field key="107" subkey="">Department of Economics, McMaster University, Hamilton, Ontario</field>
      <field key="331" subkey="">The Energy-Capital Complementarity Debate: An Example of a Bootstrapped Sensitivity Analysis</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1996, February</field>
      <field key="433" subkey="">14 pp., Figures</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 23</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Helmenstein, Christian (Ed.) ; Riedl, Arno (Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="544" subkey="">IHSES 23</field>
      <field key="700" subkey="">Q43</field>
      <field key="700" subkey="">C15</field>
      <field key="700" subkey="">E23</field>
      <field key="720" subkey="">Energy-Capital Substitution</field>
      <field key="720" subkey="">Mixed Estimation</field>
      <field key="753" subkey="">Abstract: The aggregate production function approach is one way to forecast future energy demand (a step in forecasting carbon</field>
      <field key="dio" subkey="x">ide emissions, for example) and to analyze the aggregate economic effects of measures such as the increase of taxes onenergy</field>
      <field key="use" subkey=".">The results of such an approach tend to hinge on whether energy and capital are substitutes, implying that increases in</field>
      <field key="ene" subkey="r">gy prices will increase the demand for capital stock or are complements, implying that increases in energy priceswill reduce</field>
      <field key="the" subkey="">demand for capital stock. In a famous but controversial paper, Berndt and Wood (1975) find energy and capital are complements</field>
      <field key="usi" subkey="n">g aggregate time series manufacturing data for the United States, 1947-1971. Ilmakunnas (1986) shows that much of this</field>
      <field key="ana" subkey="l">ysis is sensitive to the imposition of theoretical economic restrictions and provides a range of point estimates in a</field>
      <field key="sen" subkey="s">itivity analysis. The current paper discusses these issues further and taking the Berndt-Wood study as an empirical example,</field>
      <field key="sho" subkey="w">s that the estimation sensitivity is due to one particular set of restrictions known as symmetry restrictions and provides a</field>
      <field key="boo" subkey="t">strap analysis which suggests that estimation sensitivity is almost entirely in the means of the sampling distributions and</field>
      <field key="not" subkey="">in their shapes or degrees of dispersion.;</field>
    </SEQUENTIAL>
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