Empirical Analysis of Demand of Natural Gas by Households in Europe
The article presents empirical analysis of demand of natural gas in 12 countries from European Union (EU), including Bulgaria, for the period 1989-2008. The ultimate goal is to assess the short-term and long-term elasticities of demand in different countries and in EU as a whole. These elasticities have to give a plausible picture of changing consumption of natural gas by the households and to allow determination and interpretation of the key indicator of the organization of gas sector – the relative price elasticity.
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Volume (Year): (2012)
Issue (Month): 4 ()
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- Robert S. Pindyck, 1979. "The Structure of World Energy Demand," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262661772, June.
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- Nathaniel Beck, Jonathan N. Katz, 2004. "Random Coefficient models for time-series-cross-section data," Working Papers 1205, California Institute of Technology, Division of the Humanities and Social Sciences.
- Baltagi, Badi H. & Griffin, James M., 1997. "Pooled estimators vs. their heterogeneous counterparts in the context of dynamic demand for gasoline," Journal of Econometrics, Elsevier, vol. 77(2), pages 303-327, April.
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