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Functional Forms and the Demand for Commercial Electricity in the U.S

Author

Listed:
  • Yu Hsing

    (Department of Management and Business Administration, SLU 10350, Southeastern Louisiana College, Hammond, Louisiana 70402, USA)

  • A.M.M. Jamal

    (Department ofMarketing and Supply Chain Management, SLU 10844, Southeastern Louisiana University, Hammond, Louisiana 7040, USA)

Abstract

This paper examines the demand for commercial electricity in the U.S. and focuses on the functional form. The results show that the linear-log form performs better than the log-log, linear and log-linear forms. The demand for commercial electricity is positively affected by real GDP, the real price of commercial natural gas and the lagged dependent variable and negatively associated with the real own price. Long-run price, income and cross-price elasticities of the demand for commercial electricity consumption in absolute values have declined over time.

Suggested Citation

  • Yu Hsing & A.M.M. Jamal, 2015. "Functional Forms and the Demand for Commercial Electricity in the U.S," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(2), pages 75-81, June.
  • Handle: RePEc:ijr:beejor:v:3:y:2015:i:2:p:75-81
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    More about this item

    Keywords

    Electricity consumption; Substitute price; Elasticity of demand;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • D10 - Microeconomics - - Household Behavior - - - General

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