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• W1537572401 abstract "In 1973, the Japanese economy was highly dependent on imported oil. After the 1973 oil price shock vigorous policy action was undertaken by the Japanese government in an attempt to reduce Japan's energy consumption, and in particular, its dependence on imported oil. This study attempts to determine how flexibly the Japanese economy has responded to the dramatic changes in relative and absolute fuel prices which occurred since 1973; and to what extent government energy policies may have reinforced (or undermined) market signals and facilitated fuel switching and conservation. To analyse the price and income elasticities of energy component demand, a dynamic approach to energy demand modelling is employed. The study reveals that Japanese energy users have responded quite flexibly to the two major oil price rises in the 1970s. The probable impact of energy policies on this response is, however, somewhat problematic." @default.
• W1537572401 created "2016-06-24" @default.
• W1537572401 creator A5022612879 @default.
• W1537572401 date "1994-07-01" @default.
• W1537572401 modified "2023-09-26" @default.
• W1537572401 title "A dynamic analysis of Japanese energy policies" @default.
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• W1537572401 doi "https://doi.org/10.1016/0301-4215(94)90078-7" @default.
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