English, Article, Journal or magazine article edition: Estimating Energy Demand Elasticities for OECD Countries. A Dynamic Panel Data Approach Gang Liu

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/53651
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Estimating Energy Demand Elasticities for OECD Countries. A Dynamic Panel Data Approach
Author
  • Gang Liu
Physical Description
  • preprint
Notes
  • This paper estimates price and GDP/​income elasticities of several energy goods in OECD countries over 1978 to 1999 by applying the one-step GMM estimation method suggested by Arellano and Bond (1991) to a panel data set. The energy demand is specified by a simple partial adjustment model. We find that compared to conventional OLS and Within estimator, the one-step GMM estimator gives more intuitive results in terms of sign and magnitude. The results show that for electricity, natural gas and gas oil demand, price elasticities are in general larger (in absolute value) while GDP/​income elasticities are lower in the residential sector than in the industrial sector. This paper yields lower values for price elasticities compared to the results from earlier studies. The long-run GDP/​income elasticities found in this paper, however, are quite similar to those found in earlier studies, and are around unity in general.
  • Energy demand elasticities; Panel data; ADL models; Partial adjustment model; One-step GMM estimator
  • RePEc:ssb:dispap:373
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment