Estimates of the Price Elasticities of Natural Gas Supply and Demand in the United States

Vipin Arora ()

MPRA Paper from University Library of Munich, Germany

Abstract: I estimate short and long-run price elasticities of U.S. natural gas supply and demand. For robustness, the estimates are based on data of varying frequencies and samples, some of which include the recent U.S. shale gas boom. Aside from the numbers themselves, there are two main conclusions. As expected, U.S. price elasticities of natural gas supply are higher in both the short and long-run when the e�ffects of shale are included in the sample (post-2007). The calculated price elasticities of natural gas demand are also more responsive than recent estimates, but in-line with earlier ones.

Keywords: Natural gas; sign restriction; shale; elasticity; long-run; short-run (search for similar items in EconPapers)
JEL-codes: C32 E37 Q41 (search for similar items in EconPapers)
Date: 2014-03-06
New Economics Papers: this item is included in nep-ene and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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