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Revisiting Residential Demand for Electricity in Greece: New Evidence from the ARDL Approach to Cointegration

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Abstract

This article reexamines the long-run and short-run determinants of the aggregate residential demand for electricity in Greece using data spanning the period 1964-2006 and the recently advanced ARDL cointegrating procedure that has not been hitherto tried to Greek data. The results of the econometric analysis show the presence of an equilibrium relationship between the variables involved in both the long-run and short-run periods. These findings may shed new light on the contemplation of policies, which direct the residential demand for electricity to desired goals.

Suggested Citation

  • Theologos Dergiades & Lefteris Tsoulfidis, 2009. "Revisiting Residential Demand for Electricity in Greece: New Evidence from the ARDL Approach to Cointegration," Discussion Paper Series 2009_12, Department of Economics, University of Macedonia, revised Jun 2009.
  • Handle: RePEc:mcd:mcddps:2009_12
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    References listed on IDEAS

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    1. Dergiades, Theologos & Tsoulfidis, Lefteris, 2008. "Estimating residential demand for electricity in the United States, 1965-2006," Energy Economics, Elsevier, vol. 30(5), pages 2722-2730, September.
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    8. Donatos, George S. & Mergos, George J., 1991. "Residential demand for electricity: The case of Greece," Energy Economics, Elsevier, vol. 13(1), pages 41-47, January.
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    13. M. Bahmani-Oskooee & Gour Goswami, 2003. "A disaggregated approach to test the J-Curve phenomenon: Japan versus her major trading partners," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 27(1), pages 102-113, March.
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    More about this item

    Keywords

    Electricity Demand; ARDL; Cointegration.;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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