Substitution Analysis of energy sources in Bolivia
DOI:
https://doi.org/10.35319/lajed.201116146Keywords:
substitution elasticities, the dual approach, block and peers modelsAbstract
The present document analyzes the energy substitution elasticities in the short and long term in Bolivia. The inputs accounted are electricity, hidrocarbons and biomass. In order to measure and identify the direction of the elasticities we use a Trancendental Logarithmic Production Function, know as "Translog", defined as "block model". We also derive the short term model, know as "pair model".
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