Aggregate energy demand elasticities

Hillard Huntington

Chapter 3 in Elgar Encyclopedia of Energy Economics, 2025, pp 14-15 from Edward Elgar Publishing

Abstract: Price and income (gross domestic product, or GDP) elasticities at the country level provide useful metrics for policymakers with an interest in the energy transition. A common approach for measuring these responses has been the use of panel data estimation where each country represents a separate unit with individual trends. Responses to price show how easily an economy can transition to a level of lower energy use. Responses to GDP reveal how economic development shapes energy use. An important development issue is whether lower-income countries today are able to “leapfrog” to new energy technologies that were unavailable several decades ago when the currently rich economies were industrializing.

Keywords: Energy Demand; Price Elasticity; GDP Elasticity; Energy Availability; Energy Leapfrogging; Country Panel Data (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035310371.00008 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

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:elg:eechap:22238_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().