Interstate Differences In Price And Income Elasticities: The Case Of Natural Gas

Yu Hsing
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Yu Hsing: Southeastern Louisiana University

The Review of Regional Studies, 1992, vol. 22, issue 3, 251-259

Abstract: Based on a generalized functional form, this study tests potential spatial differences in the price and income elasticities of demand for natural gas. Empirical results show that the double-log and linear forms can be rejected at the 1 percent or 10 percent level and that price and income elasticities vary significantly with the price of natural gas and income, respectively. Specifically, price elasticities varied from -0.29 for Alaska to -2.24 for Florida, and income elasticities ranged from 0.37 for Alaska to 1.44 for Florida. Since separate elasticities can be estimated for individual states, in empirical work we need not choose a priori the double-log form by assuming a constant elasticity across states.

Date: 1992
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