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Employing the Structural Time Series Model (STSM) approach suggested by Harvey (1989, 1997), and based on annual data for the UK from 1967-2002, this paper reiterates the importance of using a stochastic rather than a linear deterministic trend formulation when estimating energy demand models, a...
Persistent link: https://www.econbiz.de/10005748105
A number of energy demand studies have considered the importance of modelling Asymmetric Price Responses (APR), for example, the often-cited work of Gately and Huntington (2002). Griffin and Schulman (2005) questioned the asymmetric approach arguing that this is only capturing energy saving...
Persistent link: https://www.econbiz.de/10005748133
The precise role of technical progress in estimated energy demand functions has not been well researched. Traditionally a deterministic time trend has been used, implicitly assuming technical progress continues at a fixed rate over time. In this paper, the structural time series model is...
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Plagiarism has been acknowledged to be a growing problem for Higher Education Institutions, and indeed in other areas of society. Various reasons have been advanced to explain the growth of this problem, including improvements in IT in general and the Internet in particular, along with changed...
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