Dynamic Demand Analysis and the Process of Adjustment

Jacques Girod

Chapter 2 in The Econometrics of Energy Systems, 2007, pp 27-50 from Palgrave Macmillan

Abstract: Abstract It is generally necessary to introduce dynamic components into the modelling of energy consumption because the effects of explicative factors are not totally instantaneous and lagged effects continue to act over more or less long periods of time. In other words, consumption observed at time t depends on the values of exogenous variables recorded at t, t — 1, t — 2 and so on, or, perhaps, this consumption is itself related to consumption observed during previous years.

Keywords: Demand Function; Adjustment Mechanism; Ideal Demand System; Partial Adjustment Model; Gasoline Demand (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-62631-7_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230626317

DOI: 10.1057/9780230626317_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().