March 2000 © 2000 Organization of the Petroleum Exporting Countries 1
Energy and interfactor
substitution in Turkey
Carol Dahl and Meftun Erdogan
Abstract
Not only access to the factors of production — capital, labour
and energy — but also substitutability among these factors has
a strong influence on how economies change and evolve. When
factors are easily substituted for one another, shortages and dis-
ruptions are less detrimental to the growth process. Numerous
studies have considered interfactor substitution for industrial
countries. But, since only a few have been done for developing
countries, we summarize such work for these countries, apply
the ever-popular translog model to Turkish aggregate industrial,
manufacturing and mining data and compare our work with simi-
lar studies on both developing and industrial countries. We find
own-input demand elasticities to be negative and inelastic for
all factors and all sectors and all own-price elasticities are less
than 0.6 in absolute value. Cross elasticities are all in the inelas-
tic range and suggest that capital and labour, as well as capital
and energy, are substitutes, whereas energy and labour are
complements.