Price and income elasticities of electricity demand: Evidence from Jamaica

被引：45
作者：
Campbell, Africk [1 ]
机构：
[1] Australian Natl Univ, Crawford Sch Publ Policy, 132 Lennox Crossing, Acton, ACT 2601, Australia
来源：
ENERGY ECONOMICS | 2018年 / 69卷
关键词：
Bounds testing; Elasticity; Electricity demand; UNIT-ROOT TEST; TIME-SERIES; RESIDENTIAL ELECTRICITY; ERROR-CORRECTION; ECONOMIC-GROWTH; OIL PRICE; COINTEGRATION; CONSUMPTION; ENERGY; HYPOTHESIS;
D O I：
10.1016/j.eneco.2017.10.040
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Jamaica's electricity sector faces supply-side challenges. Demand-side policies have the potential to improve electricity use efficiency and reduce the likelihood of electricity disruptions. In this paper, I use the bounds testing approach to cointegration to obtain long-run price elasticity of demand estimates for the period 1970-2014. The analysis focuses on aggregate electricity demand and three categories of consumers: residential, commercial, and industrial. The findings suggest that residential and industrial consumers are most responsive to price changes, with long-run price elasticities of demand of 0.82 and 0.25, respectively. Price-based approaches are likely to be more successful in slowing electricity demand growth in these sectors. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：19 / 32
页数：14
相关论文
共 58 条
[1]   Aggregate demand for electricity in South Africa: An analysis using the bounds testing approach to cointegration [J].
Amusa, Hammed ;
Amusa, Kafayat ;
Mabugu, Ramos .
ENERGY POLICY, 2009, 37 (10) :4167-4175
[2]   RESIDENTIAL DEMAND FOR ELECTRICITY - ECONOMETRIC ESTIMATES FOR CALIFORNIA AND UNITED-STATES [J].
ANDERSON, KP .
JOURNAL OF BUSINESS, 1973, 46 (04) :526-553
[3]  
[Anonymous], NAT ACC MAIN AGGR DA
[4]  
[Anonymous], 2016, International Energy Statistics
[5]  
[Anonymous], 1998, J. Time Ser. Anal., DOI DOI 10.1111/1467-9892.00091
[6]  
[Anonymous], 2005, Cities and Structural Adjustment
[7]   The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries [J].
Asafu-Adjaye, J .
ENERGY ECONOMICS, 2000, 22 (06) :615-625
[8]   Estimating short and long-term residential demand for electricity: New evidence from Sri Lanka [J].
Athukorala, P. P. A. Wasantha ;
Wilson, Clevo .
ENERGY ECONOMICS, 2010, 32 :S34-S40
[9]  
Bailey J., 2013, Pre-Feasibility Study Of the Potential Market for Natural Gas as a Fuel for Power Generation in the Caribbean. Inter-American Development Bank Technical Note No. IDB-TN-600
[10]  
Bernstein M.A., 2006, Regional differences in the price-elasticity of demand for energy
123456