IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Estimating the Demand for Energy in Jordan: A Stock-Watson Dynamic OLS (DOLS) Approach

  • Ahmed Al-Azzam

    (Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey)

  • David Hawdon

    ()

    (Surrey Energy Economics Centre (SEEC), University of Surrey)

Registered author(s):

    Recent developments in econometrics provide robust estimators for cointegrated series where sample sizes are small. We estimate the demand for energy in Jordan over the period 1968-1997 using the dynamic OLS method developed by Stock and Watson, and compare the results with conventional forms of cointegration and error correction estimation. Results are found to be robust to various departures from standard regression assumptions and to be stable of the rapid structural changes in the Jordanian economy over the period of the study. Income, construction activity, and political instability are found to impact significantly on consumption, while real price has only a neutral or weak effect. Changes to energy prices on their own are unlikely to achieve current goals for energy conversation.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.seec.surrey.ac.uk/Research/SEEDS/SEEDS97.pdf
    Download Restriction: no

    Paper provided by Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey in its series Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) with number 97.

    as
    in new window

    Length: 24 pages
    Date of creation: Jul 1999
    Date of revision:
    Handle: RePEc:sur:seedps:97
    Contact details of provider: Postal: Guildford, Surrey GU2 5XH, UK
    Phone: +44(0)1483 686956
    Fax: +44(0)1483 689548
    Web page: http://www.seec.surrey.ac.uk
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sur:seedps:97. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lester C Hunt)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.