Energy Substitution Effect on China’s Heavy Industry: Perspectives of a Translog Production Function and Ridge Regression
A translog production function model with input factors including energy, capital, and labor is established for China’s heavy industry. Using the ridge regression method, the output elasticity of each input factor and the substitution elasticity between input factors are analyzed. The empirical resu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2017-10-01
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| Series: | Sustainability |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2071-1050/9/11/1892 |