Model for Investigating Substitution Effect between Renewable Resources and Non-Renewable Resources
Available Online September 2017.
- https://doi.org/10.2991/icsshe-17.2017.14How to use a DOI?
- renewable resources, non-renewable resources, substitution effect, model building
- 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.
- 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 -