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Estimating residential demand for electricity in the United States, 1965-2006

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  • Dergiades, Theologos
  • Tsoulfidis, Lefteris

Abstract

This paper examines the residential demand for electricity in the US economy as a function of the per capita income, the price of electricity, the price of oil for heating purposes, the weather conditions and the stock of occupied housing over the period 1965-2006. This paper has two novelties: first, the occupied stock of houses as a proxy for the stock of electrical appliances and second the identification of a possible equilibrium relationship among the variables is ascertained through the recently advanced ARDL approach to cointegration. Our empirical findings give support to a stable long-run relationship implying also short-run and long-run elasticities whose size and sign are comparable to other similar studies.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:eneeco:v:30:y:2008:i:5:p:2722-2730
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    More about this item

    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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