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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- 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.
- Maddala, G S, et al, 1997. "Estimation of Short-Run and Long-Run Elasticities of Energy Demand from Panel Data Using Shrinkage Estimators," Journal of Business & Economic Statistics, American Statistical Association, vol. 15(1), pages 90-100, January.
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