The dynamics of United Kingdom regional energy demand
β Scribed by Michael Smyth
- Publisher
- John Wiley and Sons
- Year
- 1996
- Tongue
- English
- Weight
- 722 KB
- Volume
- 20
- Category
- Article
- ISSN
- 0363-907X
No coin nor oath required. For personal study only.
β¦ Synopsis
Differences in regional energy-elasticities may be caused by relative differences in primary energy sources and endowments but they may also arise from differences in economic structure and/or consumption behaviour. This paper examines some long-run energy demand relationships across three sectors -domestic, industrial/commercial and transport in Scotland, Northern Ireland and the United Kingdom as a whole. The use of cointegration and error correction techniques uncovers differences in dynamic response between the energy-rich Scottish region and the energy-poor Northern Ireland region. There are significantly lower short-run price-elasticities in all sectors in Northern Ireland than in Scotland and the United Kingdom overall, whereas the income-elasticities in the energy-poor region are larger.
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