TITLE

Natural Gas Demand in the European Household Sector

AUTHOR(S)
Asche, Frank; Nilsen, Odd Bjarte; Tveter´┐Żs, Ragnar
PUB. DATE
July 2008
SOURCE
Energy Journal;2008, Vol. 29 Issue 3, p27
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper analyzes the residential natural gas demand in 12 European countries using a dynamic demand model, which allows for country-specific short- and long-run elasticity estimates. The own-price and income elasticities tend to be very inelastic in the short run, albeit with much greater responsiveness in the longer run. Our results support very limited technological substitution possibilities between different energy carriers in the short run. Furthermore, the results suggested structural differences of residential natural gas demand across European countries and provide support for employing a heterogeneous estimator such as the shrinkage estimator.
ACCESSION #
33119719

 

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