Analysis of U.S. residential wood energy consumption: 1967–2009
The residential sector consumes about 23% of the energy derived from wood (wood energy) in the U.S. An estimated error correction model with data from 1967 to 2009 suggests that residential wood energy consumption has declined by an average 3% per year in response to technological progress, urbanization, accessibility of non-wood energy, and other factors associated with a time trend such as increasing income per capita and number of houses. But the rising price of non-wood energy has had a positive effect on the consumption and offset the downward trend effect in the last decade. Residential wood energy consumption has also been sensitive to changes in wage rate in both long-run and short-run, but the total estimated wage rate effect since 1967 is negligible. Wood energy is expected to continue to account for a small share of residential energy consumption unless public policies improve wood energy cost competitiveness relative to non-wood energy.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- MacKinnon, James G, 1994.
"Approximate Asymptotic Distribution Functions for Unit-Root and Cointegration Tests,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 12(2), pages 167-76, April.
- James G. MacKinnon, 1992. "Approximate Asymptotic Distribution Functions for Unit Roots and Cointegration Tests," Working Papers 861, Queen's University, Department of Economics.
- Søren Johansen & Katarina Juselius, 1992.
"Identification of the Long-Run and the Short-Run Structure: An Application to the ISLM Model,"
92-04, University of Copenhagen. Department of Economics.
- Johansen, Soren & Juselius, Katarina, 1994. "Identification of the long-run and the short-run structure an application to the ISLM model," Journal of Econometrics, Elsevier, vol. 63(1), pages 7-36, July.
- Mjelde, James W. & Bessler, David A., 2009. "Market integration among electricity markets and their major fuel source markets," Energy Economics, Elsevier, vol. 31(3), pages 482-491, May.
- Johansen, Søren & Juselius, Katarina, 1992. "Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK," Journal of Econometrics, Elsevier, vol. 53(1-3), pages 211-244.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March.
- Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
- MacKinnon, James G, 1996.
"Numerical Distribution Functions for Unit Root and Cointegration Tests,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 11(6), pages 601-18, Nov.-Dec..
- James G. MacKinnon, 1995. "Numerical Distribution Functions for Unit Root and Cointegration Tests," Working Papers 918, Queen's University, Department of Economics.
- Polemis, Michael. L., 2007. "Modeling industrial energy demand in Greece using cointegration techniques," Energy Policy, Elsevier, vol. 35(8), pages 4039-4050, August.
- Frank Asche & Subal Kumbhakar & Ragnar Tveteras, 2008. "A dynamic profit function with adjustment costs for outputs," Empirical Economics, Springer, vol. 35(2), pages 379-393, September.
- Song, Nianfu & Aguilar, Francisco X. & Shifley, Stephen R. & Goerndt, Michael E., 2012. "Factors affecting wood energy consumption by U.S. households," Energy Economics, Elsevier, vol. 34(2), pages 389-397.
- Robert A. Amano & Simon van Norden, 1995.
"Oil Prices and the Rise and Fall of the U.S. Real Exchange Rate,"
- Amano, R. A. & van Norden, S., 1998. "Oil prices and the rise and fall of the US real exchange rate," Journal of International Money and Finance, Elsevier, vol. 17(2), pages 299-316, April.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Chen, Le & Heerink, Nico & van den Berg, Marrit, 2006. "Energy consumption in rural China: A household model for three villages in Jiangxi Province," Ecological Economics, Elsevier, vol. 58(2), pages 407-420, June.
- Johansen, Soren, 1992. "Cointegration in partial systems and the efficiency of single-equation analysis," Journal of Econometrics, Elsevier, vol. 52(3), pages 389-402, June.
- Huntington, Hillard G., 2010. "Short- and long-run adjustments in U.S. petroleum consumption," Energy Economics, Elsevier, vol. 32(1), pages 63-72, January.
- Cooke, Priscilla & Köhlin, Gunnar & Hyde, William F., 2008. "Fuelwood, forests and community management – evidence from household studies," Environment and Development Economics, Cambridge University Press, vol. 13(01), pages 103-135, February.
- Lipfert, Frederick W. & Lee, John, 1985. "Air pollution implications of increasing residential firewood use," Energy, Elsevier, vol. 10(1), pages 17-33.
- M. Macauley & M. Naimuddin & P.C. Agarwal & J. Dunkerley, 1989. "Fuelwood Use in Urban Areas: A Case Study of Raipur, India," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 157-180.
When requesting a correction, please mention this item's handle: RePEc:eee:eneeco:v:34:y:2012:i:6:p:2116-2124. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.