| Description |
1 online resource. |
|
text file PDF |
| Physical Medium |
polychrome |
| Series |
Lecture notes in energy ; volume 59
|
|
Lecture notes in energy
. v. 59.
|
| Bibliography |
Includes bibliographical references. |
| Summary |
"This book investigates the impact of production input factors on the market, consumer and producer energy demand characteristics in 30 industrial sectors for South Korea over the period 1980-2009, and for Japan over the period 1973-2006, with special emphasis placed on the effects of ICT investment on the demand for energy. A dynamic factor demand model is developed, accounting for the adjustment costs that are defined in terms of forgone output from current production. It addresses four key aspects of production and energy demand in manufacturing: first, it establishes the various relationships between different factors of production. Second, it investigates whether the energy demand in the industrial sectors in South Korea would be decreased or increased by substituting/complementing with other input factors such as ICT capital and labor. Third, it looks at sources of growth in the industrial sectors through decomposing the Divisia index based total factor productivity (TFP). Finally it provides appropriate policy recommendations based on these findings. The results of this study may provide industrial sectors' stakeholders and environmental and industrial policy makers with a flexible model that has the capacity to assess outcomes of various policies under certain scenarios. The factor demand methodology described in this book is very advanced and up-to-date. It can be used when teaching advanced graduate courses and in empirically advanced research. Therefore, it is highly relevant in both teaching as a main or supplementary text and in particular as a reference handbook in conducting empirical research"-- Provided by publisher. |
| Contents |
Preface; Acknowledgements; Contents; 1 Overview; 1.1 Introduction; 1.2 Why This Study; 1.3 Objectives; 1.4 Research Significance; 1.5 Research Design; 1.6 Research Questions and Empirical Motivations; 1.7 Assumptions and Limitations; 1.7.1 Energy Price; 1.7.2 Methodological and Theoretical Assumptions; 1.8 Operational Definitions; 1.9 Expected Results; 1.10 The Structure of This Book; 1.11 Summary; Bibliography; 2 ICT Investment and Energy Use in South Korea and Japan; 2.1 Introduction; 2.2 ICT Investment; 2.2.1 South Korea; 2.2.2 Japan; 2.3 Energy Use; 2.3.1 South Korea; 2.3.2 Japan. |
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2.4 Energy Efficiency2.4.1 South Korea; 2.4.2 Japan; 2.5 Summary; Bibliography; 3 ICT Investment and Energy Use in the Literature; 3.1 Efficiency in the Use of Energy; 3.2 ICT Investment and Economics Growth; 3.3 ICT Investment and Energy Use; 3.4 Summary; Bibliography; 4 The Factor Demand Model and the Theory of Productivity; 4.1 Historical Development of the Factor Demand Models; 4.1.1 The Firm's Temporary Equilibrium; 4.1.2 The Adjustment Cost; 4.1.3 The Dynamic Factor Demand; 4.2 The Industrial Demand Models for Input Factors; 4.3 Inter-Factor Substitutability and Complementarity. |
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4.4 The Total Factor Productivity4.5 Summary; Bibliography; 5 The EUKLEMS Data; 5.1 Data Source; 5.2 Population and Sampling Strategy; 5.3 Classification of the Industrial Sectors; 5.4 Summary Statistics; 5.5 Multicollinearity and Validation of Results; 5.6 Industrial Sectors' Energy Use Intensity; Bibliography; 6 The Impact of ICT Investment on Energy Use: A Comparative Study Between South Korea and Japan; 6.1 Introduction; 6.2 Theoretical Model and Empirical Specification; 6.3 Parameters Estimates; 6.4 The Adjustment Speed; 6.5 Deviation from the Optimal Values. |
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6.6 The Own and Cross Price Elasticities6.7 Conclusion; Bibliography; 7 Productivity Analysis of South Korean Industrial Sector; 7.1 Introduction; 7.2 Stages in the Industrial and Technological Polices; 7.3 Divisia Index; 7.4 Theoretical Model and Empirical Specification; 7.5 Determinants of the TFP Growth; 7.6 Capacity Utilization Index; 7.7 Price and Output Elasticities; 7.8 Returns to Scale; 7.9 The Rate of Technical Change; 7.10 The TFP Growth; 7.11 The Output Growth; 7.12 Conclusion; Bibliography; 8 Overall Summary, Hypotheses Test, and Policy Implications; 8.1 Introduction. |
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8.2 The Research Questions and the Hypotheses8.2.1 The Research Questions; 8.2.2 Hypotheses Test; 8.3 Summary of Results and Policy Implications; 8.4 Implications for Industry and Policy Makers; 8.5 Conclusions and Practical and Policy Recommendations; 8.6 Contribution to the Literature; 8.7 Limitations of the Study and Recommendations for Further Research; Bibliography. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Information technology -- Economic aspects.
|
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Information technology -- Economic aspects. |
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Telecommunication systems -- Economic aspects.
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Telecommunication systems -- Economic aspects. |
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Telecommunication systems. |
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Information resources management.
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Information resources management. |
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Energy consumption -- Korea (South)
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Korea (South) |
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Energy consumption -- Japan.
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Japan. |
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Factors of production -- Korea (South)
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Factors of production. |
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Factors of production -- Japan.
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Energy consumption. |
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TECHNOLOGY & ENGINEERING -- Mechanical. |
| Other Form: |
Print version: Khayyat, Nabaz T., 1971- ICT investment for energy use in the industrial sectors. Singapore : Springer, [2017] 9811047553 9789811047558 (OCoLC)982513382 |
| ISBN |
9789811047565 (electronic book) |
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9811047561 (electronic book) |
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9789811047572 (print) |
|
981104757X |
|
9789811352218 (print) |
|
9811352216 |
|
9789811047558 |
|
9811047553 |
| Standard No. |
10.1007/978-981-10-4756-5 |
