Discussion of the Results and Policy Implications
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This chapter summarizes the findings from the estimated models. The empirical results are summarized for (i) The mean in case of production function and energy demand function without risk, and (ii) for the mean and variance function in the case of energy demand accounting for risk , in which the findings are related to the theory of the competitive firm under production risk. The empirical results are also discussed in relation to the information available about the industrial sector for the data period. Furthermore, the chapter covers the implications and policy recommendations based on the estimated models for production function and energy demand.
KeywordsEnergy Demand Technical Efficiency Energy Price Output Elasticity Industry Code
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