期刊
ENERGY ECONOMICS
卷 29, 期 2, 页码 199-210出版社
ELSEVIER
DOI: 10.1016/j.eneco.2006.11.007
关键词
residential energy; cointegration; Granger causality; stability tests; Turkey
类别
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-coffection 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. (c) 2006 Elsevier B.V All rights reserved.
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