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Gas and electricity demand in Spanish manufacturing industries: An analysis using homogeneous and heterogeneous estimators

Author

Listed:
  • Cristina Peñasco

    (IPP - Institute for Public Goods and Policies - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain])

  • Pablo del Río

    (IPP - Institute for Public Goods and Policies - CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain])

  • Desiderio Romero-Jordán

    (URJC - Universidad Rey Juan Carlos = Rey Juan Carlos University)

Abstract

A comparative analysis of electricity and gas demand in the industrial sector over a long period of time appears to be absent in the literature. In fact, unlike electricity demand, natural gas demand in the industrial sector has not been well researched. Our paper aims to cover this gap. It analyses electricity and gas consumption patterns by the Spanish manufacturing sector, between 1995 and 2010. A novel and innovative quantitative approach based on, both, homogenous and heterogeneous estimators was used for this purpose. The results of the no-spurious estimations (the Augmented Mean Group Estimator) show that the price elasticity of gas demand is significantly negative and within the −0.44 to −0.48 range. In contrast, the price elasticity of electricity demand is not statistically significant. The income elasticities show the opposite pattern: those of natural gas are not statistically significant, whereas the income elasticities for electricity are statistically significant and within the 0.22 to 0.29 range. Compared to previous findings, our preferred estimation shows some variation regarding price elasticities of natural gas demand.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Cristina Peñasco & Pablo del Río & Desiderio Romero-Jordán, 2017. "Gas and electricity demand in Spanish manufacturing industries: An analysis using homogeneous and heterogeneous estimators," Post-Print hal-03925471, HAL.
    • Handle: RePEc:hal:journl:hal-03925471
    DOI: 10.1016/j.jup.2017.01.005
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    Cited by:

    1. Gechert, Sebastian & Mey, Bianka & Prante, Franz & Schäfer, Teresa, 2025. "The Price Elasticity of Heating and Cooling Energy Demand," OSF Preprints 4sjy5_v2, Center for Open Science.
    2. Oru Patricia Oghenekevwe, 2024. "Assessing Government Expenditure’s Impact on Nigeria’s Manufacturing Sector: “A VAR Approachâ€," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(3), pages 1940-1950, March.
    3. Abiola John Asaleye & Adedoyin Isola Lawal & Henry Egbezien Inegbedion & Adenike Omowumi Oladipo & Akinyomade O. Owolabi & Olayemi Moses Samuel & Chisaa Onyekachi Igbolekwu, 2021. "Electricity Consumption and Manufacturing Sector Performance: Evidence from Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 195-201.
    4. Li, Raymond & Woo, Chi-Keung & Tishler, Asher & Zarnikau, Jay, 2022. "How price responsive is industrial demand for natural gas in the United States?," Utilities Policy, Elsevier, vol. 74(C).

    More about this item

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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