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This paper is concerned with the empirical modeling of domestic demand for energy in the United Kingdom at the level of the individual household. A two-stage budgeting model of household demand for energy conditional on durable ownership is developed. At the first stage, income is allocated...
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The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of the individual household (most previous British work has used aggregate time-series data). The paper develops a two-stage budgeting model of the household's demand for energy...
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The share of manufacturing in GDP is declining, whereas the share of services – and business-related services in particular – is rising in almost all advanced economies. However, as these industries are mutually dependent in various ways this study focuses on the manufacturing sector as a...
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