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Persistent link: https://www.econbiz.de/10000915320
The present paper shows how cointegration analysis within a multivariate framework may be applied for the estimation of energy demand elasticities in order to account for the non-stationarity of the time series used. The dynamic modelling approach followed is one based on general-to-specific...
Persistent link: https://www.econbiz.de/10009697459
In this paper a set of ten different single-equation models of household energy demand is being analyzed. These simple models are being derived by the imposition of linear parameter restrictions on a fairly general autoregressive distributed lag (ADL) model in log-linear form. Household energy...
Persistent link: https://www.econbiz.de/10009693157
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Persistent link: https://www.econbiz.de/10000645917
In Germany, policy-induced energy efficiency improvements typically aim at reducing primary energy consumption. Private households, on the contrary, pursue the maximization of wellbeing, or in microeconomics jargon, the maximization of utility of the occupants. There is a marked difference...
Persistent link: https://www.econbiz.de/10014124135
In this paper we empirically analyse the impact of disaggregated ICT capital on the electricity intensity in five major European industries (chemical, food, metal, pulp & paper and textile). The analysis of each industrial sector is based on an unbalanced panel including data for eight EU member...
Persistent link: https://www.econbiz.de/10013038783
This paper offers new insights on utility-driven heat energy consumption. The research question addressed is whether economic aspects affect short-term, less conscious behavior in the same way as long-term, more conscious behavior. The model proposed is based on Becker's household production...
Persistent link: https://www.econbiz.de/10012919779
In this paper we estimate residential electricity demand elasticities and conduct an analysis of the causal relationship between electricity demand, disposable income and electricity price for a group of several OECD members. We apply panel cointegration and Granger causality testing to a data...
Persistent link: https://www.econbiz.de/10013067678