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. Volume15, issue Number 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.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1994
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