Investments and energy efficiency in Colombian manufacturing industries

This paper investigates the effects of investments on energy efficiency performance using data from Colombian manufacturing industries. These industries were analysed as a whole and as energy intensive sectors and non-energy intensive sectors between 1998 and 2005. Using a simple factor demand model...

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Autor Principal: Pardo Martinez, Clara Ines
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: SAGE Publications 2010
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/27906
https://doi.org/10.1260/0958-305X.21.6.545
id ir-10336-27906
recordtype dspace
spelling ir-10336-279062020-08-19T14:44:34Z Investments and energy efficiency in Colombian manufacturing industries Inversiones y eficiencia energética en industrias manufactureras colombianas Pardo Martinez, Clara Ines Investments Energy efficiency Manufacturing industries This paper investigates the effects of investments on energy efficiency performance using data from Colombian manufacturing industries. These industries were analysed as a whole and as energy intensive sectors and non-energy intensive sectors between 1998 and 2005. Using a simple factor demand model, we estimate the structural parameters of the model using both time-series and cross-sectional dimensions of the data, and we include the effect that investments have on energy efficiency in Colombian manufacturing industries. The results showed that in Colombian manufacturing industries overall, as well as in non-energy intensive sectors, the main variables that determine energy efficiency performance are energy prices, machinery and equipment investments and foreign investments. Whereas electricity prices show lower significance levels, investments in research and development (R&D) are not statistically significant. In contrast, for energy intensive sectors, only energy prices and foreign investments are statistically significant. Therefore, these results demonstrate the close relationship between energy prices and investments with respect to energy efficiency improvements in Colombian manufacturing industries. These findings have important implications for policy makers aiming to encourage governments to adopt strategies that combine energy prices and technological change, as well as those policy makers wishing to strengthen foreign investment in order to improve technology development, productivity and energy efficiency in manufacturing industries. 2010-10-01 2020-08-19T14:44:33Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion ISSN: 0958-305X EISSN: 2048-4070 https://repository.urosario.edu.co/handle/10336/27906 https://doi.org/10.1260/0958-305X.21.6.545 eng info:eu-repo/semantics/restrictedAccess application/pdf SAGE Publications Energy and Environment
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Investments
Energy efficiency
Manufacturing industries
spellingShingle Investments
Energy efficiency
Manufacturing industries
Pardo Martinez, Clara Ines
Investments and energy efficiency in Colombian manufacturing industries
description This paper investigates the effects of investments on energy efficiency performance using data from Colombian manufacturing industries. These industries were analysed as a whole and as energy intensive sectors and non-energy intensive sectors between 1998 and 2005. Using a simple factor demand model, we estimate the structural parameters of the model using both time-series and cross-sectional dimensions of the data, and we include the effect that investments have on energy efficiency in Colombian manufacturing industries. The results showed that in Colombian manufacturing industries overall, as well as in non-energy intensive sectors, the main variables that determine energy efficiency performance are energy prices, machinery and equipment investments and foreign investments. Whereas electricity prices show lower significance levels, investments in research and development (R&D) are not statistically significant. In contrast, for energy intensive sectors, only energy prices and foreign investments are statistically significant. Therefore, these results demonstrate the close relationship between energy prices and investments with respect to energy efficiency improvements in Colombian manufacturing industries. These findings have important implications for policy makers aiming to encourage governments to adopt strategies that combine energy prices and technological change, as well as those policy makers wishing to strengthen foreign investment in order to improve technology development, productivity and energy efficiency in manufacturing industries.
format Artículo (Article)
author Pardo Martinez, Clara Ines
author_facet Pardo Martinez, Clara Ines
author_sort Pardo Martinez, Clara Ines
title Investments and energy efficiency in Colombian manufacturing industries
title_short Investments and energy efficiency in Colombian manufacturing industries
title_full Investments and energy efficiency in Colombian manufacturing industries
title_fullStr Investments and energy efficiency in Colombian manufacturing industries
title_full_unstemmed Investments and energy efficiency in Colombian manufacturing industries
title_sort investments and energy efficiency in colombian manufacturing industries
publisher SAGE Publications
publishDate 2010
url https://repository.urosario.edu.co/handle/10336/27906
https://doi.org/10.1260/0958-305X.21.6.545
_version_ 1676074242777546752
score 11,383098