AN EMPIRICAL INVESTIGATION OF THE RURAL COOPERATIVES' RESIDENTIAL DEMAND FOR ELECTRICITY

Ruth J. Maddigan, Wen S. Chern and Colleen A. Gallagher

No 279341, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study examines the Rural Electric Cooperatives' (RECs`) residential demand for electricity using a simultaneous-equation, partial -adjustment model developed as a component of the Oak Ridge National Laboratory Rural Electric Energy Demand (REED) model. The residential sector is described by a pair of equations in which the quantity of electricity demanded and the average electricity price are endogenous. The structural equations are estimated using regionally pooled state-level, REC-specific data for the period 1969 to 1977 for five regions. The results indicate substantial variability among regions in both the short-run and long -run response to changing prices, income and weather conditions.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 31
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279341

DOI: 10.22004/ag.econ.279341

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