The Impact of Temperature Change on Energy Demand a Dynamic Panel Analysis

Roberto Roson, Enrica De Cian () and Elisa Lanzi

No 2007_06, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: This paper presents an empirical study of energy demand, in which demand for a series of energy goods (Gas, Oil Products, Coal, Electricity) is expressed as a function of various factors, including temperature. Parameter values are estimated econometrically, using a dynamic panel data approach. Unlike previous studies in this field, the data sample has a global coverage, and special emphasis is given to the dynamic nature of demand, as well as to interactions between income levels and sensitivity to temperature variations. These features make the model results especially valuable in the analysis of climate change impacts. Results are interpreted in terms of derived demand for heating and cooling. Non-linearities and discontinuities emerge, making necessary to distinguish between different countries, seasons, and energy sources. Short- and long-run temperature elasticities of demand are estimated.

Keywords: Advertising; Media Industries; Broadcasting; Price Discrimination; Television; Radio; Differentiation.. (search for similar items in EconPapers)
JEL-codes: L82 M37 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2007
New Economics Papers: this item is included in nep-geo, nep-knm and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

Downloads: (external link)
https://www.unive.it/web/fileadmin/user_upload/dip ... anzi_Roson_04_07.pdf First version, April 2007 (application/pdf)

Related works:
Working Paper: The Impact of Temperature Change on Energy Demand: A Dynamic Panel Analysis (2007)
Working Paper: The Impact of Temperature Change on Energy Demand: A Dynamic Panel Analysis (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2007_04

Access Statistics for this paper

More papers in Working Papers from Department of Economics, University of Venice "Ca' Foscari" Contact information at EDIRC.
Bibliographic data for series maintained by Sassano Sonia ().