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short-run income and price elasticities for residential demand for electricity in G7 countries. The panel results indicate … that in the long-run residential demand for electricity is price elastic and income inelastic. The study concludes that … electricity demand, and thus curb carbon emissions, in the long run …
Persistent link: https://www.econbiz.de/10013105328
temperature is significant some of the time and gas prices are insignificant. Our estimates of long-run income elasticity and …This paper reports estimates of the long- and short-run elasticities of residential demand for electricity in Australia …, we find that income and own price are the most important determinants of residential electricity demand, while …
Persistent link: https://www.econbiz.de/10013105338
This paper examines the relationship between electricity consumption, employment and real income in Australia within a … cointegration and causality framework. We find that electricity consumption, employment and real income are cointegrated and that in … the long-run employment and real income Granger cause electricity consumption, while in the short run there is weak …
Persistent link: https://www.econbiz.de/10013105339
In this paper, we depart from the literature on electricity consumption-real GDP in that for the first time we examine … the reaction of real GDP to shocks in electricity consumption. To achieve this goal, we use the structural vector … autoregressive (SVAR) model and examine the impact of electricity consumption shocks on real GDP for the G7 countries. We find that …
Persistent link: https://www.econbiz.de/10013105380
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity … in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for … the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates …
Persistent link: https://www.econbiz.de/10013105383
The goal of this paper is to examine any causal effects between electricity consumption and real GDP for 30 OECD … countries. We use a bootstrapped causality testing approach and unravel evidence in favour of electricity consumption causing … implication is that electricity conservation policies will negatively impact real GDP in these countries. However, for the rest of …
Persistent link: https://www.econbiz.de/10013105853