Electricity consumption in G7 countries : a panel cointegration analysis of residential demand elasticities

Narayan, Paresh Kumar, Smyth, Russell and Prasad, Arti 2007, Electricity consumption in G7 countries : a panel cointegration analysis of residential demand elasticities, Energy policy, vol. 35, no. 9, pp. 4485-4494.

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Title Electricity consumption in G7 countries : a panel cointegration analysis of residential demand elasticities
Author(s) Narayan, Paresh Kumar
Smyth, Russell
Prasad, Arti
Journal name Energy policy
Volume number 35
Issue number 9
Start page 4485
End page 4494
Publisher Elsevier B. V.
Place of publication Amsterdam, The Netherlands
Publication date 2007
ISSN 0301-4215
1873-6777
Summary This article applies recently developed panel unit root and panel cointegration techniques to estimate the long-run and 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 from an environmental perspective there is potential to use pricing policies in the G7 countries to curtail residential electricity demand, and thus curb carbon emissions, in the long run.
Language eng
Field of Research 150507 Pricing (incl Consumer Value Estimation)
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2007, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024741

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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