Energy-saving technology choices by Dutch glasshouse firms

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)

Abstract

This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991¿1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations.
Original languageEnglish
Pages (from-to)129-144
JournalJournal of Agricultural Economics
Volume57
Issue number1
DOIs
Publication statusPublished - 2006

Fingerprint

Technology
greenhouses
energy
Economics
energy costs
autocorrelation
Shock
income
Energy saving
Technology choice
Energy
Panel data
Investing
Serial correlation
Revenue

Keywords

  • uncertainty
  • investment
  • adoption
  • industry
  • models
  • probabilities
  • simulation
  • efficiency
  • barriers
  • policies

Cite this

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title = "Energy-saving technology choices by Dutch glasshouse firms",
abstract = "This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991¿1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations.",
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author = "K. Pietola and {Oude Lansink}, A.G.J.M.",
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Energy-saving technology choices by Dutch glasshouse firms. / Pietola, K.; Oude Lansink, A.G.J.M.

In: Journal of Agricultural Economics, Vol. 57, No. 1, 2006, p. 129-144.

Research output: Contribution to journalArticleAcademicpeer-review

TY - JOUR

T1 - Energy-saving technology choices by Dutch glasshouse firms

AU - Pietola, K.

AU - Oude Lansink, A.G.J.M.

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N2 - This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991¿1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations.

AB - This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991¿1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations.

KW - uncertainty

KW - investment

KW - adoption

KW - industry

KW - models

KW - probabilities

KW - simulation

KW - efficiency

KW - barriers

KW - policies

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