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Analysing Residential Energy Demand: An Error Correction Demand System Approach for Ireland


 
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1. Title Title of document Analysing Residential Energy Demand: An Error Correction Demand System Approach for Ireland
 
2. Creator Author's name, affiliation, country John Curtis; Economic and Social Research Institute, Dublin; Ireland
 
2. Creator Author's name, affiliation, country Brian Stanley; Economic and Social Research Institute, Dublin
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) energy; demand system; Ireland
 
4. Description Abstract This paper analyses the Irish residential energy demand system by using variants of Deaton and Muellbauer’s Almost Ideal Demand System model. Annual data from 1970 to 2013 are employed to estimate a demand system for solid fuels, oil, gas and electricity with the models incorporating quadratic and demographic terms to estimate long-run price and expenditure elasticities. This is the first attempt in an Irish context to estimate an energy demand system for the residential sector. Error correction models were also estimated to recover short-run elasticities. Against the backdrop of onerous climate and energy efficiency policy targets, and given the residential sector’s substantial energy use, it is important to update energy demand elasticity estimates to better inform policy instrument design.
 
5. Publisher Organizing agency, location
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2016-06-22
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier http://www.esr.ie/article/view/568
 
11. Source Title; vol., no. (year) The Economic and Social Review; Vol 47, No 2, Summer (2016)
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
15. Rights Copyright and permissions Copyright (c) 2016 The Economic and Social Review