DOAJ Open Access 2014

Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption

Torok Adam Torok Arpad Heinitz Florian

Abstrak

This contribution aims to examine the relationship between the transport sector and the macroeconomy, particularly in fossil energy use, capital and labour relations. The authors have investigated the transport related fossil fuel consumption 2003 -2010 in a macroeconomic context in Hungary and Germany. The Cobb-Douglas type of production function could be justified empirically, while originating from the general CES (Constant Elasticity of Substitution) production function. Furthermore, as a policy implication, the results suggest that a solution for the for the reduction of anthropogenic CO2 driven by the combustion of fossil fuels presupposes technological innovation to reach emission reduction targets. Other measures, such as increasing the fossil fuel price by levying taxes, would consequently lead to an undesirable GDP decline.

Topik & Kata Kunci

Transportation and communication

Penulis (3)

Torok Adam

Torok Arpad

Heinitz Florian

Format Sitasi

APA MLA BibTeX

Adam, T., Arpad, T., Florian, H. (2014). Usage of Production Functions in the Comparative Analysis of Transport Related Fuel Consumption. https://doi.org/10.2478/ttj-2014-0025

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Informasi Jurnal

Tahun Terbit: 2014
Sumber Database: DOAJ
DOI: 10.2478/ttj-2014-0025
Akses: Open Access ✓