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The changing demand for energy in rich and poor countries over 25years

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  • Seale, James L.
  • Solano, Alexis A.
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    Abstract

    Country-specific income and own-price elasticities of demand for private consumption of energy are compared across time and affluence for 43 countries that participated in the 1980, 1996, and 2005 International Comparison Program based on estimates from a ten-good-demand system. Results indicate that income elasticities of demand for energy are significantly larger than unitary in 1980, are approximately unitary in 1996 but become inelastic for all 43 countries in 2005. Own-price elasticities decrease absolutely going from 1980 to 1996 to 2005 ranging from −0.8 to −1.0 in 1980, −0.7 to −0.8 in 1996, and −0.6 to −0.7 in 2005. Elasticity estimates are also calculated for the set of countries in 1996 and 2005 that do not participate in the ICP in 1980.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 34 (2012)
    Issue (Month): 6 ()
    Pages: 1834-1844

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    Handle: RePEc:eee:eneeco:v:34:y:2012:i:6:p:1834-1844

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    Web page: http://www.elsevier.com/locate/eneco

    Related research

    Keywords: Energy demand; Income elasticity; Own-price elasticity; Cross-country demand;

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    1. Fiebig, Denzil G. & Seale, James & Theil, Henri, 1987. "The demand for energy : Evidence from a cross-country demand system," Energy Economics, Elsevier, vol. 9(3), pages 149-153, July.
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    7. Muhammad, Andrew & Meade, Birgit Gisela Saager, 2011. "International Evidence on Food Consumption Patterns: An Update Using 2005 International Comparison Program Data," Technical Bulletins 120252, United States Department of Agriculture, Economic Research Service.
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    13. Brenton, P., 1995. "Estimates of the Demand for Energy Using Cross-Country Consumption Data," Discussion Papers 95-25, Department of Economics, University of Birmingham.
    14. James L. Seale & Anita Regmi, 2006. "Modeling International Consumption Patterns," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 52(4), pages 603-624, December.
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