The Demand for Electricity and Natural Gas in the Northeastern United States
An estimation was done of the demand for electricity and natural gas in residential, industrial, and commercial sectors of the northeastern part of the US, in the period from 1967-1977. Using apparently unrelated regressions in combination with the error components model, the estimation was made. Na...
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Veröffentlicht in: | Rev. Econ. Stat.; (United States) 1981-08, Vol.63 (3), p.403-408 |
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creator | Beierlein, James G. Dunn, James W. McConnon, James C. |
description | An estimation was done of the demand for electricity and natural gas in residential, industrial, and commercial sectors of the northeastern part of the US, in the period from 1967-1977. Using apparently unrelated regressions in combination with the error components model, the estimation was made. Natural gas and electricity were both shown to be price elastic in the long run and inelastic in the short run, in both the residential and industrial sectors, in accordance with the estimated demand models. Natural gas had long-run income elasticity only in the industrial sector. Electricity showed a significant income effect only in the industrial sector. Fuel oil had a generally negative effect. Natural gas demonstrated a faster adjustment to change than electricity due to higher elasticities of adjustment. |
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Using apparently unrelated regressions in combination with the error components model, the estimation was made. Natural gas and electricity were both shown to be price elastic in the long run and inelastic in the short run, in both the residential and industrial sectors, in accordance with the estimated demand models. Natural gas had long-run income elasticity only in the industrial sector. Electricity showed a significant income effect only in the industrial sector. Fuel oil had a generally negative effect. Natural gas demonstrated a faster adjustment to change than electricity due to higher elasticities of adjustment.</description><identifier>ISSN: 0034-6535</identifier><identifier>EISSN: 1530-9142</identifier><identifier>DOI: 10.2307/1924358</identifier><identifier>CODEN: RECSA9</identifier><language>eng</language><publisher>Cambridge, Mass: North-Holland Publishing Company</publisher><subject>292000 - Energy Planning & Policy- Supply, Demand & Forecasting ; Coefficients ; Commercial markets ; Demand ; DEMAND FACTORS ; ECONOMIC ELASTICITY ; Economic models ; Elasticity of demand ; ELECTRIC POWER ; Electricity ; ENERGY PLANNING, POLICY AND ECONOMY ; ENERGY SOURCES ; Error rates ; Estimation methods ; FLUIDS ; FOSSIL FUELS ; FUEL GAS ; Fuel oils ; FUELS ; GAS FUELS ; GASES ; Industrial ; NATURAL GAS ; Natural gas demand ; NORTH AMERICA ; NORTH ATLANTIC REGION ; POWER ; Price elasticity ; Price elasticity of demand ; Regional ; Residents ; Statistical analysis ; Studies ; USA</subject><ispartof>Rev. Econ. Stat.; (United States), 1981-08, Vol.63 (3), p.403-408</ispartof><rights>Copyright 1981 The President and Fellows of Harvard College</rights><rights>Copyright MIT Press Journals Aug 1981</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c431t-23326c43edce060c28eaf81cfbbc2c1b1ce6d3775da4dd58afb3a5677e8022c73</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/1924358$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/1924358$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,828,881,27846,27901,27902,57992,57996,58225,58229</link.rule.ids><backlink>$$Uhttps://www.osti.gov/biblio/6259931$$D View this record in Osti.gov$$Hfree_for_read</backlink></links><search><creatorcontrib>Beierlein, James G.</creatorcontrib><creatorcontrib>Dunn, James W.</creatorcontrib><creatorcontrib>McConnon, James C.</creatorcontrib><title>The Demand for Electricity and Natural Gas in the Northeastern United States</title><title>Rev. Econ. Stat.; (United States)</title><description>An estimation was done of the demand for electricity and natural gas in residential, industrial, and commercial sectors of the northeastern part of the US, in the period from 1967-1977. Using apparently unrelated regressions in combination with the error components model, the estimation was made. Natural gas and electricity were both shown to be price elastic in the long run and inelastic in the short run, in both the residential and industrial sectors, in accordance with the estimated demand models. Natural gas had long-run income elasticity only in the industrial sector. Electricity showed a significant income effect only in the industrial sector. Fuel oil had a generally negative effect. Natural gas demonstrated a faster adjustment to change than electricity due to higher elasticities of adjustment.</description><subject>292000 - Energy Planning & Policy- Supply, Demand & Forecasting</subject><subject>Coefficients</subject><subject>Commercial markets</subject><subject>Demand</subject><subject>DEMAND FACTORS</subject><subject>ECONOMIC ELASTICITY</subject><subject>Economic models</subject><subject>Elasticity of demand</subject><subject>ELECTRIC POWER</subject><subject>Electricity</subject><subject>ENERGY PLANNING, POLICY AND ECONOMY</subject><subject>ENERGY SOURCES</subject><subject>Error rates</subject><subject>Estimation methods</subject><subject>FLUIDS</subject><subject>FOSSIL FUELS</subject><subject>FUEL GAS</subject><subject>Fuel oils</subject><subject>FUELS</subject><subject>GAS FUELS</subject><subject>GASES</subject><subject>Industrial</subject><subject>NATURAL GAS</subject><subject>Natural gas demand</subject><subject>NORTH AMERICA</subject><subject>NORTH ATLANTIC REGION</subject><subject>POWER</subject><subject>Price elasticity</subject><subject>Price elasticity of demand</subject><subject>Regional</subject><subject>Residents</subject><subject>Statistical analysis</subject><subject>Studies</subject><subject>USA</subject><issn>0034-6535</issn><issn>1530-9142</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1981</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNp10MFKAzEQBuAgCtYqvkJQwdPqJNlkd49SaxVKPdieQzY7S7e0m5qkh769KS146mmG4WP4-Qm5Z_DCBRSvrOK5kOUFGTApIKtYzi_JAEDkmZJCXpObEFYAwAomBmQ6XyJ9x43pG9o6T8drtNF3tot7erjNTNx5s6YTE2jX05j0zPk0TIjoe7rou4gN_YkmYrglV61ZB7w7zSFZfIzno89s-j35Gr1NM5sLFjMuBFdpxcYiKLC8RNOWzLZ1bbllNbOoGlEUsjF508jStLUwUhUFlsC5LcSQPBz_uhA7HVJYtEvr-j5l14rLqhLsH229-91hiHrldr5PuTSrciVzDiKhx7OIV1CxEkAl9XxU1rsQPLZ667uN8XvNQB9K16fSk3w6ylWIzp9lf1YsfJQ</recordid><startdate>19810801</startdate><enddate>19810801</enddate><creator>Beierlein, James G.</creator><creator>Dunn, James W.</creator><creator>McConnon, James C.</creator><general>North-Holland Publishing Company</general><general>Harvard University Press, etc</general><general>MIT Press Journals, The</general><scope>AAYXX</scope><scope>CITATION</scope><scope>EOLOZ</scope><scope>FKUCP</scope><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>OTOTI</scope></search><sort><creationdate>19810801</creationdate><title>The Demand for Electricity and Natural Gas in the Northeastern United States</title><author>Beierlein, James G. ; 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Econ. Stat.; (United States)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Beierlein, James G.</au><au>Dunn, James W.</au><au>McConnon, James C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Demand for Electricity and Natural Gas in the Northeastern United States</atitle><jtitle>Rev. Econ. Stat.; (United States)</jtitle><date>1981-08-01</date><risdate>1981</risdate><volume>63</volume><issue>3</issue><spage>403</spage><epage>408</epage><pages>403-408</pages><issn>0034-6535</issn><eissn>1530-9142</eissn><coden>RECSA9</coden><abstract>An estimation was done of the demand for electricity and natural gas in residential, industrial, and commercial sectors of the northeastern part of the US, in the period from 1967-1977. Using apparently unrelated regressions in combination with the error components model, the estimation was made. Natural gas and electricity were both shown to be price elastic in the long run and inelastic in the short run, in both the residential and industrial sectors, in accordance with the estimated demand models. Natural gas had long-run income elasticity only in the industrial sector. Electricity showed a significant income effect only in the industrial sector. Fuel oil had a generally negative effect. Natural gas demonstrated a faster adjustment to change than electricity due to higher elasticities of adjustment.</abstract><cop>Cambridge, Mass</cop><pub>North-Holland Publishing Company</pub><doi>10.2307/1924358</doi><tpages>6</tpages></addata></record> |
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subjects | 292000 - Energy Planning & Policy- Supply, Demand & Forecasting Coefficients Commercial markets Demand DEMAND FACTORS ECONOMIC ELASTICITY Economic models Elasticity of demand ELECTRIC POWER Electricity ENERGY PLANNING, POLICY AND ECONOMY ENERGY SOURCES Error rates Estimation methods FLUIDS FOSSIL FUELS FUEL GAS Fuel oils FUELS GAS FUELS GASES Industrial NATURAL GAS Natural gas demand NORTH AMERICA NORTH ATLANTIC REGION POWER Price elasticity Price elasticity of demand Regional Residents Statistical analysis Studies USA |
title | The Demand for Electricity and Natural Gas in the Northeastern United States |
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