Interfuel Substitution in the United States
by Apostolos Serletis, Govinda Timilsina and Olexandr Vasetsky
In this paper, we use the locally fexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice of ignoring theoretical regularity, we follow Barnett's (2002) sugges-
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