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2015 | OriginalPaper | Buchkapitel

8. Energy Demand Model I

verfasst von : Nabaz T. Khayyat

Erschienen in: Energy Demand in Industry

Verlag: Springer Netherlands

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Abstract

This chapter introduces the second group of the econometric models estimation, namely the energy demand model. The model is constructed in two forms: The Cobb-Douglas and the Translog function to allow for consistency and comparability. It is worthy of mentioning that the estimated energy demand is a derived demand, the variable of energy is considered as one of the input factors of production. The energy demand is, therefore, derived from the demand for the industry’s output. Since the demand for energy depends on the output level, the possible substitutability between energy and other inputs is allowed by production technology and energy price.

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Due to unavailability of the inputs prices in the data set, the cross price elasticizes are not computed.

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Titel: Energy Demand Model I
verfasst von: Nabaz T. Khayyat
Verlag: Springer Netherlands
Buch: Energy Demand in Industry
Print ISBN: 978-94-017-9952-2

Electronic ISBN: 978-94-017-9953-9

Copyright-Jahr: 2015
DOI: https://doi.org/10.1007/978-94-017-9953-9_8