Demanda energética residencial en España: Una aplicación del modelo QUAIDS

Residential energy demand in Spain: An application of the QUAIDS model

Antonio Gutierrez-Lythgoe

MPRA Paper from University Library of Munich, Germany

Abstract: This study addresses the analysis of residential demand in Spain, focusing on various energy goods such as electricity, natural gas, and fuels for personal vehicles. Employing an approach based on the QUAIDS model and using data from the 2022 Household Budget Survey from the Spanish National Statistics Institute, the potential endogeneity of expenditure is considered to ensure robust results. The findings reveal that electricity exhibits an inelastic demand, strengthening its status as an essential good, while natural gas and fuels for personal vehicles are characterized by elastic demand, classifying them as luxuries based on expenditure elasticities. Furthermore, disparities in price and expenditure elasticities are documented concerning various sociodemographic realities, with the most pronounced differences observed in households headed by unemployed individuals.

Keywords: Electricity; Natural Gas; Fuels; QUAIDS; Residential Demand (search for similar items in EconPapers)
JEL-codes: C30 Q20 Q30 Q40 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ene and nep-inv
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120229

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