Akademik Veri Yönetim Sistemi
International Symposium on Energy Management and Sustainability -2022, İstanbul, Türkiye, 5 - 09 Nisan 2022, ss.1-3
In this study the affect of the
energy price increases on the energy demand is analyzed for Turkish
manufacturing firms between 2005-2013 using firm level micro data. For this
purpose a translog cost function and cost share equations are jointly estimated
by the itterated seemingly unrelated regressions (iSUR) method. Using the
coefficient estimations own price elasticity of energy is calculated for the
whole manufacturing firms and also firms grouped by firm size and intensity of
energy use. The result for the whole industry shows that for an average Turkish
manufacturing firm a %1 increase in energy price is associated with a %1.25
decrease in energy demand. The results for the firm groups reveal that own
price elasticity of energy increases as the firm size and energy use intensity
increases.
Keywords:
Energy price, energy demand, own price elasticity