Title: Tax policy and energy conservation. Interim report
Abstract: An approach to the quantitative analysis of United States energy policy is presented, based on an integration of econometric modeling and input-output analysis, incorporating a methodology for assessing the impact of economic policy on supply. It combines the determinants of energy demand and supply within the same framework and relates patterns of U.S. economic growth to both demand and supply. The first component is an econometric model of inter-industry transactions for nine domestic industries. The second is a macro-econometric growth model. The complete model consists of endogenous business and household sectors and exogenous foreign and government sectors. The model determines both components of gross national product in real terms, generated by conventional macro-econometric models, and relative prices of labor and capital services required by the economic model of inter-industry transactions. This document describes the models; presents projections of economic activity and energy utilization (1975-2000); discusses methodology for analyzing energy policy; and analyzes the impact of alternative oil prices on the level and composition of energy policies for stimulating energy conservation and eliminating reliance of the U.S. economy on energy imports.
Publication Year: 1975
Publication Date: 1975-03-01
Language: en
Type: article
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