Template-Type: ReDIF-Article 1.0
Author-Name:  Dale S. Rothman
Author-Name:  J. Ho Hong 
Author-Name:  Timothy D. Mount
Title:  Estimating Consumer Energy Demand Using International Data: Theoretical and Policy Implications
Classification-JEL: F0
Pages:  67-88
Volume:  Volume15
Issue:  Number 2
Year:  1994
Abstract:  In this paper, consumer energy demand is estimated as part of a complete demand system using a consistent set of international data on prices, and expenditures for 53 countries ranging from the poorest to the wealthiest. We compare three models: the Translog, the Deaton-Muellbauer Almost Ideal! Demand System (DM), and the Generalized Logit (Logit), and two levels of commodity aggregation (6-good and 9-good). The estimation results indicate that the model specification and level of aggregation are important. The Logit model performs better than the Translog and D-M models which provide illogical! elasticity estimates for many countries. The 9-good model shows that the demand for electricity is significantly more price and income elastic than the demand for primary energy.
Handle: RePEc:aen:journl:1994v15-02-a04
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1157
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