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Revisiting Residential Demand for Electricity in Greece: New Evidence from the ARDL Approach to Cointegration

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Abstract

This article reexamines the long-run and short-run determinants of the aggregate residential demand for electricity in Greece using data spanning the period 1964-2006 and the recently advanced ARDL cointegrating procedure that has not been hitherto tried to Greek data. The results of the econometric analysis show the presence of an equilibrium relationship between the variables involved in both the long-run and short-run periods. These findings may shed new light on the contemplation of policies, which direct the residential demand for electricity to desired goals.

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File URL: http://aphrodite.uom.gr/econwp/pdf/dp1209.pdf
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Bibliographic Info

Paper provided by Department of Economics, University of Macedonia in its series Discussion Paper Series with number 2009_12.

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Date of creation: Jun 2009
Date of revision: Jun 2009
Handle: RePEc:mcd:mcddps:2009_12

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Web page: http://www.uom.gr/index.php?tmima=3

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Keywords: Electricity Demand; ARDL; Cointegration.;

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