Abstract
In connection with the calculation of total energy consumption related to aggregation of the individual fuel`s combustion values, an alternative to Btu aggregation (combustion value measurement), designated the ``Divisia index``, is presented. This represents an economic measure for energy consumption. The Divisia index is demonstrated in relation to total national energy consumption and total energy consumption within the Danish housing sector and also with regard to the estimation of price and income elasticity within energy demand. It is only possible to utilize the Divisia index in relation to the last 20 years, which is the period where energy consumption has stagnated. The question of possible irreversible effects on energy consumption caused by large variations in energy prices is discussed. It is suggested that the reaction to a fall in prices is different and less significant than is the case with price rises. In the long term, results point at a reasonably high price elasticity within energy demand. (AB) (22 refs.).
Citation Formats
Bentzen, J.
Divisia amount and price index for energy consumption; Divisia maengde- og prisindeks for energiforbruget.
Denmark: N. p.,
1993.
Web.
Bentzen, J.
Divisia amount and price index for energy consumption; Divisia maengde- og prisindeks for energiforbruget.
Denmark.
Bentzen, J.
1993.
"Divisia amount and price index for energy consumption; Divisia maengde- og prisindeks for energiforbruget."
Denmark.
@misc{etde_10156797,
title = {Divisia amount and price index for energy consumption; Divisia maengde- og prisindeks for energiforbruget}
author = {Bentzen, J}
abstractNote = {In connection with the calculation of total energy consumption related to aggregation of the individual fuel`s combustion values, an alternative to Btu aggregation (combustion value measurement), designated the ``Divisia index``, is presented. This represents an economic measure for energy consumption. The Divisia index is demonstrated in relation to total national energy consumption and total energy consumption within the Danish housing sector and also with regard to the estimation of price and income elasticity within energy demand. It is only possible to utilize the Divisia index in relation to the last 20 years, which is the period where energy consumption has stagnated. The question of possible irreversible effects on energy consumption caused by large variations in energy prices is discussed. It is suggested that the reaction to a fall in prices is different and less significant than is the case with price rises. In the long term, results point at a reasonably high price elasticity within energy demand. (AB) (22 refs.).}
place = {Denmark}
year = {1993}
month = {Feb}
}
title = {Divisia amount and price index for energy consumption; Divisia maengde- og prisindeks for energiforbruget}
author = {Bentzen, J}
abstractNote = {In connection with the calculation of total energy consumption related to aggregation of the individual fuel`s combustion values, an alternative to Btu aggregation (combustion value measurement), designated the ``Divisia index``, is presented. This represents an economic measure for energy consumption. The Divisia index is demonstrated in relation to total national energy consumption and total energy consumption within the Danish housing sector and also with regard to the estimation of price and income elasticity within energy demand. It is only possible to utilize the Divisia index in relation to the last 20 years, which is the period where energy consumption has stagnated. The question of possible irreversible effects on energy consumption caused by large variations in energy prices is discussed. It is suggested that the reaction to a fall in prices is different and less significant than is the case with price rises. In the long term, results point at a reasonably high price elasticity within energy demand. (AB) (22 refs.).}
place = {Denmark}
year = {1993}
month = {Feb}
}