Sahu, Santosh Kumar and Seshadri, Satyanarayanan
Industrial energy demand and technological change: A firm level analysis of the manufacturing sector of India
- Productivity
- 62(2), Jul-Sep, 2021: p.132-144
This paper examines the firm level determinants of production related energy use in Indian manufacturing firms from 2008 to 2019. The methodological approach is to estimate a system of factor share equators for the Indian manufacturing sector. Our main results indicate that non-natural (biased) technological change explains factor saving for energy and labour, factor using for capital and materials, energy complements minerals and substitutes for labour in terms of cross price elasticity’s. – Reproduced