Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption
This contribution aims to examine the relationship between the transport sector and the macroeconomy, particularly in fossil energy use, capital and labour relations. The authors have investigated the transport related fossil fuel consumption 2003 -2010 in a macroeconomic context in Hungary and Germ...
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Online Access: | https://doi.org/10.2478/ttj-2014-0025 |
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doaj-0e758cf7946c400ca5d4f2fe8c629eb52021-09-05T21:24:15ZengSciendoTransport and Telecommunication1407-61792014-12-0115429229810.2478/ttj-2014-0025ttj-2014-0025Usage of Production Functions in the Comparative Analysis of Transport Related Fuel ConsumptionTorok Adam0Torok Arpad1Heinitz Florian2Budapest University of Technology and Economics Departtment of Transport Economics, H-1111, Budapest, Muegyetemrkp 3Budapest University of Technology and Economics, Departtment of Transport Economics, H-1111, Budapest, Muegyetemrkp. 3Erfurt University of Applied Sciences, InstitutVerkehr und Raum, AltonaerStraße 25, D - 99085 Erfurt; GermanyThis contribution aims to examine the relationship between the transport sector and the macroeconomy, particularly in fossil energy use, capital and labour relations. The authors have investigated the transport related fossil fuel consumption 2003 -2010 in a macroeconomic context in Hungary and Germany. The Cobb-Douglas type of production function could be justified empirically, while originating from the general CES (Constant Elasticity of Substitution) production function. Furthermore, as a policy implication, the results suggest that a solution for the for the reduction of anthropogenic CO2 driven by the combustion of fossil fuels presupposes technological innovation to reach emission reduction targets. Other measures, such as increasing the fossil fuel price by levying taxes, would consequently lead to an undesirable GDP decline.https://doi.org/10.2478/ttj-2014-0025production functionenvironmental pollutiontransport emissionfossil fuels |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Torok Adam Torok Arpad Heinitz Florian |
spellingShingle |
Torok Adam Torok Arpad Heinitz Florian Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption Transport and Telecommunication production function environmental pollution transport emission fossil fuels |
author_facet |
Torok Adam Torok Arpad Heinitz Florian |
author_sort |
Torok Adam |
title |
Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption |
title_short |
Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption |
title_full |
Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption |
title_fullStr |
Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption |
title_full_unstemmed |
Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption |
title_sort |
usage of production functions in the comparative analysis of transport related fuel consumption |
publisher |
Sciendo |
series |
Transport and Telecommunication |
issn |
1407-6179 |
publishDate |
2014-12-01 |
description |
This contribution aims to examine the relationship between the transport sector and the macroeconomy, particularly in fossil energy use, capital and labour relations. The authors have investigated the transport related fossil fuel consumption 2003 -2010 in a macroeconomic context in Hungary and Germany. The Cobb-Douglas type of production function could be justified empirically, while originating from the general CES (Constant Elasticity of Substitution) production function. Furthermore, as a policy implication, the results suggest that a solution for the for the reduction of anthropogenic CO2 driven by the combustion of fossil fuels presupposes technological innovation to reach emission reduction targets. Other measures, such as increasing the fossil fuel price by levying taxes, would consequently lead to an undesirable GDP decline. |
topic |
production function environmental pollution transport emission fossil fuels |
url |
https://doi.org/10.2478/ttj-2014-0025 |
work_keys_str_mv |
AT torokadam usageofproductionfunctionsinthecomparativeanalysisoftransportrelatedfuelconsumption AT torokarpad usageofproductionfunctionsinthecomparativeanalysisoftransportrelatedfuelconsumption AT heinitzflorian usageofproductionfunctionsinthecomparativeanalysisoftransportrelatedfuelconsumption |
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1717780663676960768 |