Price and Income Elasticity of Residential Electricity Demand in Latin America and the Caribbean : An Analysis Using the Meta-Analysis Method

This article has two objectives: (i) to identify the price and income elasticities of demand for residential electricity in Latin America and the Caribbean (LAC) and (ii) to verify their main determinants. Meta-analysis and meta-regression methods were applied. After collecting and filtering journal articles, we obtain a sample composed of 50 studies covering the period from 1979 to 2020. The results show that the average price and income elasticity for LAC is approximately -0.36 and 0.42. Furthermore, the estimates are affected by the structure of the data, estimation method used and the sampling period