International comparisons of the residential demand for energy. [Using indiret translog utility function]

Journal Article · Tue Jan 01 04:00:00 EST 1980 · Eur. Econ. Rev.; (United States)

DOI:https://doi.org/10.1016/0014-2921(80)90044-6· OSTI ID:5353108

Pindyck, R S

A two-stage model of residential energy demand is constructed, in which consumer expenditures are allocated between energy and five other consumption categories, and energy expenditures are allocated across fuels. Under the assumption of homothetic separability of the energy aggregate, expenditure share equations corresponding to indirect translog utiltiy functions are estimated using pooled cross-section time-series data for a sample of nine industrialized countries. Energy demand is found to be much more price elastic than had previously been believed. The reasons for, and implications of, this result are discussed. 38 references, 7 tables.

• Research Organization: Massachusetts Inst. of Tech., Cambridge
• OSTI ID: 5353108
• Journal Information: Eur. Econ. Rev.; (United States), Journal Name: Eur. Econ. Rev.; (United States) Vol. 13:1; ISSN EERVA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290100 -- Energy Planning & Policy-- Energy Analysis & Modeling
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101* -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
BELGIUM
CANADA
COMPARATIVE EVALUATIONS
DATA
DATA FORMS
DEMAND
ECONOMIC ELASTICITY
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY MODELS
EUROPE
FEDERAL REPUBLIC OF GERMANY
FRANCE
INFORMATION
ITALY
MATHEMATICS
NETHERLANDS
NORTH AMERICA
NORWAY
NUMERICAL DATA
RESIDENTIAL SECTOR
SCANDINAVIA
TABLES
THEORETICAL DATA
TIME-SERIES ANALYSIS
UNITED KINGDOM
USA