Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73999
Authors: 
Cian, Enrica De
Lanzi, Elisa
Roson, Roberto
Year of Publication: 
2007
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 46.2007
Abstract: 
This paper presents an empirical study of energy demand, in which demand for a series of energy goods (Gas, Oil Products, Coal, Electricity) is expressed as a function of various factors, including temperature. Parameter values are estimated econometrically, using a dynamic panel data approach. Unlike previous studies in this field, the data sample has a global coverage, and special emphasis is given to the dynamic nature of demand, as well as to interactions between income levels and sensitivity to temperature variations. These features make the model results especially valuable in the analysis of climate change impacts. Results are interpreted in terms of derived demand for heating and cooling. Non-linearities and discontinuities emerge, making it necessary to distinguish between different countries, seasons, and energy sources. Short- and long-run temperature elasticities of demand are estimated.
Subjects: 
Energy Demand
Cooling Heating Effect
Temperature
Dynamic Panel
JEL: 
C3
Q41
Q54
Document Type: 
Working Paper

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