Substitution Analysis of energy sources in Bolivia

Authors

  • Javier Aliaga Lordemann Bolivian Catholic University "San Pablo"
  • Alejandro Capriles Bolivian Catholic University "San Pablo"

DOI:

https://doi.org/10.35319/lajed.201116146

Keywords:

substitution elasticities, the dual approach, block and peers models

Abstract

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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Author Biographies

Javier Aliaga Lordemann, Bolivian Catholic University "San Pablo"

Director of the Socio-Economic Research Institute (IISEC) of Bolivian Bolivian University San Pablo (UCBSP). La Paz, Bolivia.

Alejandro Capriles, Bolivian Catholic University "San Pablo"

Researcher of the Socio-Economic Research Institute  (IISEC) of Bolivian Catholic University San Pablo (UCBSP). La Paz, Bolivia.

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Published

2011-11-01

How to Cite

Aliaga Lordemann, J., & Capriles, A. (2011). Substitution Analysis of energy sources in Bolivia. Latin American Journal of Economic Development, 9(16), 57–80. https://doi.org/10.35319/lajed.201116146