Residential Energy Demand in Australia: an Application of Dynamic OLS
Akmal, Muhammad; Stern, David; Akmal, Muhammad; Stern, David
Description
This paper reports estimates of the long-run elasticities of residential demand for electricity, natural gas and other fuels for Australia. The dynamic OLS (DOLS) framework is used to estimate logarithmic demand equations with previously unpublished national-level quarterly data. Significant substitution possibilities are found between electricity and gas and between electricity and other fuels. However, the cross-price elasticity of gas with respect to the price of residual fuels is negative....[Show more]
Collections | ANU Research Publications |
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Type: | Working/Technical Paper |
URI: | http://hdl.handle.net/1885/40556 |
Source: | Working Papers in Ecological Economics; No. 0104 |
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File | Description | Size | Format | Image |
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eep0104.pdf | 177.08 kB | Adobe PDF |
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