Estimating Residential Demand for Electricity in the United States, 1965-2006

Theologos Dergiades and Lefteris Tsoulfidis ()

Discussion Paper Series from Department of Economics, University of Macedonia

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 longrun relationship implying also short-run and long-run elasticities whose size and sign are comparable to other similar studies.

Keywords: Electricity Demand; ARDL; Cointegration (search for similar items in EconPapers)
JEL-codes: C22 Q41 Q43 (search for similar items in EconPapers)
Date: 2008-03, Revised 2008-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (59)

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Journal Article: Estimating residential demand for electricity in the United States, 1965-2006 (2008)
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