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

DOI

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.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 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  - 10.2991/icsshe-17.2017.14
ID  - Huang2017/09
ER  -