Proceedings of the 2017 3rd International Conference on Social Science and Higher Education

Model for Investigating Substitution Effect between Renewable Resources and Non-Renewable Resources

Authors
Zhijie Huang
Corresponding Author
Zhijie Huang
Available Online September 2017.
DOI
https://doi.org/10.2991/icsshe-17.2017.14How to use a DOI?
Keywords
renewable resources, non-renewable resources, substitution effect, model building
Abstract
This paper is mainly about investigating the substitution effect between renewable resources and non-renewable resources. Firstly, the paper will give a review about previous empirical analysis about the relationship between the two resources. Then, the substitution effect will be analyzed by building a model which is based on reducing form of demand and supply function for gasoline market. This model can be combined with time series data in different countries and appropriate time series test to discover the substitution effect for both resources. The accurate analysis for this substation effect can give government appropriate guidance in terms of reducing greenhouse effect on increasing the usage of renewable resources.
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Proceedings
2017 3rd International Conference on Social Science and Higher Education
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
September 2017
ISBN
978-94-6252-395-1
ISSN
2352-5398
DOI
https://doi.org/10.2991/icsshe-17.2017.14How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Zhijie Huang
PY  - 2017/09
DA  - 2017/09
TI  - Model for Investigating Substitution Effect between Renewable Resources and Non-Renewable Resources
BT  - 2017 3rd International Conference on Social Science and Higher Education
PB  - Atlantis Press
SP  - 53
EP  - 56
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsshe-17.2017.14
DO  - https://doi.org/10.2991/icsshe-17.2017.14
ID  - Huang2017/09
ER  -