کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5066218 | 1372354 | 2007 | 12 صفحه PDF | دانلود رایگان |
This article provides fresh empirical evidences for the income and price elasticies of the residential energy demand both in the short-run and long-run for Turkey over the period 1968-2005, using the bounds testing procedure to cointegration. The computed elasticities of income and price are consistent with the previous studies and, as expected, the long-run elasticities are greater than the short-run elasticities. An augmented form of Granger causality analysis is implemented among residential electricity, income, price and urbanization. In the long-run, causality runs interactively through the error-correction term from income, price and urbanization to residential energy but the short-run causality tests are inconclusive The parameter stability of the short-run as well as long-run coefficients in the residential energy demand function are tested. The results of these tests display a stable pattern.
Journal: Energy Economics - Volume 29, Issue 2, March 2007, Pages 199-210