Estimating Residential Demand for Electricity in the United States, 1965-2006
Estimating Residential Demand for Electricity in the United States, 1965-2006
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DOI：
10.1016/j.eneco.2008.05.005
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发表时间：
2008-09
期刊：
影响因子：
12.8
通讯作者：
Theologos Dergiades;Lefteris Tsoulfidis
中科院分区：
文献类型：
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作者：
Theologos Dergiades;Lefteris Tsoulfidis
本文考察了1965-2006年期间美国经济中居民用电需求与人均收入、电价、取暖用油价格、天气条件和住房存量的关系。本文有两个创新之处：首先，被占用的房屋存量作为电器存量的代理，其次，通过最近先进的ARDL协整方法确定变量之间可能的均衡关系的识别。我们的实证研究结果支持一个稳定的长期关系，也意味着短期和长期的弹性，其大小和符号是可比的其他类似的研究。
This paper examines the residential demand for electricity in the US economy as a function of the per capita income, the price of electricity, the price of oil for heating purposes, the weather conditions and the stock of occupied housing over the period 1965–2006. This paper has two novelties: first, the occupied stock of houses as a proxy for the stock of electrical appliances and second the identification of a possible equilibrium relationship among the variables is ascertained through the recently advanced ARDL approach to cointegration. Our empirical findings give support to a stable long-run relationship implying also short-run and long-run elasticities whose size and sign are comparable to other similar studies.