Theoretical and Applied Economics
No. 3 / 2025 (644), Autumn
Capital, coal, and change: modelling India's energy substitutability with a translog production framework
Lal Bahadur Shastri Institute of Management, India
Umer Jeelanie BANDAY
Indian Institute of Technology Delhi, India
Abstract. This study employs a Transcendental Logarithmic Production Function to analyze the substitutability among capital, labour, coal, and oil in India's economy from 1991 to 2023. Utilizing ridge regression to address multicollinearity, it reveals that all inputs positively contribute to output, with significant substitution possibilities among them—especially capital-coal, labour-oil, and coal-oil. The findings highlight the potential of technology-driven capital investment and skill development in enhancing energy sustainability. Policy implications emphasize the need for targeted energy pricing, investment in energy-efficient technologies, and strategic energy diversification to align economic growth with environmental sustainability.
Contents
Development and implementation of an Activity-Based Costing (ABC) model in private Higher Education Institutions (HEI)
Capital, coal, and change: modelling India's energy substitutability with a translog production framework
Unemployment in Ghana: analyzing the asymmetric effects of export processing zones in dealing with the problem
A PRISMA-based systematic literature review on the mismatches between the Romanian higher education system and the labor market needs
Transition effect from deposit and policy interest rates to credit interest rates in Türkiye: detecting asymmetry
The effect of fiscal decentralization and monetary policy on economic resilience in Indonesia: a panel data
The implications of demographic changes on economic performance – a comparative analysis of RO vs EU 27
Pensions under pressure: economic and demographic drivers of Romania’s public retirement system
Productivity shocks, exchange rate and migration: a new open economy macroeconomics approach
Energy vulnerabilities among Europeans in the Ukrainian war context
Empirical analysis of the relationship between FDI and economic growth in Morocco
Climate-driven monetary policy: a new Keynesian DSGE analysis for Ghana
Monitoring the implementation of the Sustainable Development Goals in Romania
Insurance and sustainable structural transformation: Does renewable energy matter?
Natural resources and the price of freedom. A concise analysis of Ukraine’s natural resources and who wins more from their direct exploitation?
Assessing the macroeconomic impact of fiscal deficit in India: evidence from ARDL approach
Non-linearity and market behavior in the Romanian capital market: a rescaled range analysis of BET index
From adversity to triumph: Türkiye's economic resilience and adaptation strategies amidst disasters
Trust at first reply and how AI-language systems alter human trust calibration
The economic value of data. From data to decisions in the public sector