@article{Shahiduzzaman:260067,
      recid = {260067},
      author = {Shahiduzzaman, M.D. and Alam, Khorshed},
      title = {Interfuel substitution in Australia: a way forward to  achieve environmental sustainability},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2014-01-01},
      number = {428-2017-1089},
      year = {2014},
      abstract = {This paper examines the possibilities for interfuel  substitution in Australia in view of the need to shift  towards a cleaner mix of fuels and technologies tomeet  future energydemand and environmental goals. The translog  cost function is estimated for the aggregate economy, the  manufacturing sector and its subsectors, and the  electricity generation subsector. The advantages of this  work over previous literature relating to the Australian  case are that it uses relatively recent data, focuses on  energy-intensive subsectors and estimates the Morishima  elasticities of substitution. The empirical evidence shown  herein indicates weak-form substitutability between  different energy types, and higher possibilities for  substitution at lower levels of aggregation, compared with  the aggregate economy. For the electricity generation  subsector, which is at the centre of the CO2 emissions  problem in Australia, significant but weak substitutability  exists between coal and gas when the price of coal changes.  A higher substitution possibility exists between coal and  oil in this subsector. The evidence for the own- and  cross-price elasticities, together with the results for  fuel efficiencies, indicates that a large increase in  relative prices could be justified to further stimulate the  market for low-emission technologies.},
      url = {http://ageconsearch.umn.edu/record/260067},
      doi = {https://doi.org/10.22004/ag.econ.260067},
}