Estimating Consumer Energy Demand Using International Data: Theoretical and Policy Implications*

Dale S. Rothman, J.Ho Hong and Timothy D. Mount

The Energy Journal, 1994, vol. 15, issue 2, 67-88

Abstract: In this paper, consumer energy demand is estimated as part of a complete demand system using a consistent set of international data on prices and expenditures for 53 countries ranging from the poorest to the wealthiest. We compare three models: the Translog, the Deaton-Muellbauer Almost Ideal Demand System (DM), and the Generalized Logit (Logit), and two levels of commodity aggregation (6-good and 9-good). The estimation results indicate that the model specification and level of aggregation are important. The Logit model performs better than the Translog and D-M models which provide illogical elasticity estimates for many countries. The 9-good model shows that the demand for electricity is significantly more price and income elastic than the demand for primary energy.

Keywords: Consumer energy demand; AIDS model; Logit; Translog; Energy policy (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol15-No2-4 (text/html)

Related works:
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:sae:enejou:v:15:y:1994:i:2:p:67-88

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-No2-4

Access Statistics for this article

More articles in The Energy Journal
Bibliographic data for series maintained by SAGE Publications ().