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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Autores:
Tipo de recurso:
Fecha de publicación:
2010
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/27906
Acceso en línea:
https://doi.org/10.1260/0958-305X.21.6.545
https://repository.urosario.edu.co/handle/10336/27906
Palabra clave:
Investments
Energy efficiency
Manufacturing industries
Rights
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Restringido (Acceso a grupos específicos)
id EDOCUR2_da75f2e1ef8d7e45794e6eb4a857feea
oai_identifier_str oai:repository.urosario.edu.co:10336/27906
network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
spelling 522207406002020-08-19T14:44:33Z2020-08-19T14:44:33Z2010-10-01This 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.application/pdfhttps://doi.org/10.1260/0958-305X.21.6.545ISSN: 0958-305XEISSN: 2048-4070https://repository.urosario.edu.co/handle/10336/27906engSAGE Publications562No. 6545Energy and EnvironmentVol. 21Energy and Environment, ISSN: 0958-305X;EISSN: 2048-4070, Vol.21, No.6 (2010); pp. 545-562https://journals.sagepub.com/doi/10.1260/0958-305X.21.6.545Restringido (Acceso a grupos específicos)http://purl.org/coar/access_right/c_16ecEnergy and Environmentinstname:Universidad del Rosarioreponame:Repositorio Institucional EdocURInvestmentsEnergy efficiencyManufacturing industriesInvestments and energy efficiency in Colombian manufacturing industriesInversiones y eficiencia energética en industrias manufactureras colombianasarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Pardo Martínez, Clara Inés10336/27906oai:repository.urosario.edu.co:10336/279062020-08-19 09:44:34.05https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Investments and energy efficiency in Colombian manufacturing industries
dc.title.TranslatedTitle.spa.fl_str_mv Inversiones y eficiencia energética en industrias manufactureras colombianas
title Investments and energy efficiency in Colombian manufacturing industries
spellingShingle Investments and energy efficiency in Colombian manufacturing industries
Investments
Energy efficiency
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
dc.subject.keyword.spa.fl_str_mv Investments
Energy efficiency
Manufacturing industries
topic Investments
Energy efficiency
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.
publishDate 2010
dc.date.created.spa.fl_str_mv 2010-10-01
dc.date.accessioned.none.fl_str_mv 2020-08-19T14:44:33Z
dc.date.available.none.fl_str_mv 2020-08-19T14:44:33Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1260/0958-305X.21.6.545
dc.identifier.issn.none.fl_str_mv ISSN: 0958-305X
EISSN: 2048-4070
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/27906
url https://doi.org/10.1260/0958-305X.21.6.545
https://repository.urosario.edu.co/handle/10336/27906
identifier_str_mv ISSN: 0958-305X
EISSN: 2048-4070
dc.language.iso.spa.fl_str_mv eng
language eng
dc.relation.citationEndPage.none.fl_str_mv 562
dc.relation.citationIssue.none.fl_str_mv No. 6
dc.relation.citationStartPage.none.fl_str_mv 545
dc.relation.citationTitle.none.fl_str_mv Energy and Environment
dc.relation.citationVolume.none.fl_str_mv Vol. 21
dc.relation.ispartof.spa.fl_str_mv Energy and Environment, ISSN: 0958-305X;EISSN: 2048-4070, Vol.21, No.6 (2010); pp. 545-562
dc.relation.uri.spa.fl_str_mv https://journals.sagepub.com/doi/10.1260/0958-305X.21.6.545
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.acceso.spa.fl_str_mv Restringido (Acceso a grupos específicos)
rights_invalid_str_mv Restringido (Acceso a grupos específicos)
http://purl.org/coar/access_right/c_16ec
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv SAGE Publications
dc.source.spa.fl_str_mv Energy and Environment
institution Universidad del Rosario
dc.source.instname.none.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.none.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
_version_ 1814167544899043328

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