主题：
IDENTIFYINGTHE ENERGY SAVING TECHNICAL CHANGE IN THE U.S. MANUFACTURING SECTOR
时间：2018年3月23日下午，14:30—15:00
地点：上海对外经贸大学博识楼四楼玻璃房
报告人：钱铁峰 博士 中央财经大学教师
主持人：汪建新 教授 上海对外经贸大学国际经贸学院国际商务系系主任
主办：上海对外经贸大学国际经贸学院国际贸易系、国际商务系
主讲人简介：
钱铁峰，中央财经大学国际经济与贸易学院助理教授，弗吉尼亚理工大学经济学博士，复旦大学经济学硕士，复旦大学理学学士。主要研究领域包括宏观经济、经济增长；国际经济学等。
摘要：
Thispaper shows that the estimates of aggregate energy-saving technical change(ESTC) can be expressed as a function of average ESTC, industrialheterogeneity, as well as the composition dynamics. We then developed anempirical strategy to estimate the long-run elasticity of substitution betweenenergy and capital, with the industrial ESTCs identified as well. The resultsindicate capitalenergy gross complementarity in the long run; and that theESTCs increased after the oil crises in the 1970s but had very little beforethat. We then decompose the changes in composition into relative price effectand income effects derived from a non-homothetic utility function. Quantitativeassessment shows that income effect provides a major contribution to thecomposition dynamics, which indicates that a significant part of the ESTC forUS manufacturing is driven by structural change within sector. Finally, our decompositionexercise finds that prior to the crises income-induced expenditure change isthe main factor for aggregate ESTC, while in post crises era both technicaleffect and price effect outweighed the income effect in accounting foraggregate ESTC.