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Natural Gas Demand in the European Household Sector.
- Source :
- Energy Journal; 2008, Vol. 29 Issue 3, p27-46, 20p
- Publication Year :
- 2008
-
Abstract
- This paper analyzes the residential natural gas demand in 12 European countries using a dynamic demand model, which allows for country-specific short- and long-run elasticity estimates. The own-price and income elasticities tend to be very inelastic in the short run, albeit with much greater responsiveness in the longer run. Our results support very limited technological substitution possibilities between different energy carriers in the short run. Furthermore, the results suggested structural differences of residential natural gas demand across European countries and provide support for employing a heterogeneous estimator such as the shrinkage estimator. [ABSTRACT FROM AUTHOR]
- Subjects :
- NATURAL gas
PRICES
INELASTIC demand
ECONOMIC demand
PETROLEUM industry
Subjects
Details
- Language :
- English
- ISSN :
- 01956574
- Volume :
- 29
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Energy Journal
- Publication Type :
- Academic Journal
- Accession number :
- 33119719
- Full Text :
- https://doi.org/10.5547/ISSN0195-6574-EJ-Vol29-No3-2