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ICT Investment for Energy Use in the Industrial Sectors (Hardcover, 1st ed. 2017)
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ICT Investment for Energy Use in the Industrial Sectors (Hardcover, 1st ed. 2017)
Series: Lecture Notes in Energy, 59
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Discovery Miles: 32 530
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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. The focus on ICT effects on energy
use makes this book an important addition to the existing
literature on industrial development.
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