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Price and income elasticities of residential demand for electricity in Jordan : an ARDL bounds testing approach to cointegration
Other Title(s)
المرونات السعرية و الدخلية لطلب القطاع المنزلي من الطاقة الكهربائية في الأردن باستخدام نموذج الانحدار الذاتي للفجوات الزمنية الموزعة للتكامل المشترك
Author
Source
Dirasat : Administrative Sciences
Issue
Vol. 43, Issue 1 (30 Jun. 2016), pp.335-349, 15 p.
Publisher
University of Jordan Deanship of Academic Research (DAR)
Publication Date
2016-06-30
Country of Publication
Jordan
No. of Pages
15
Main Subjects
Economics & Business Administration
Abstract EN
This paper seeks to provide short- and long-run estimates of price and income elasticities of demand for electricity by the residential sector in Jordan using the ARDL (bounds testing) approach to cointegration over the period 1980-2013.
The long run estimates were highly significant and had the expected signs.
In the short-run all estimates had the correct signs and were highly significant except for the price elasticity.
As expected, the short run elasticities were smaller, in absolute terms, than their counterparts in the long run.
Whether in the short run or the long run, the demand is more responsive to income than it is to price.
Therefore, price policies are not highly effective in changing the consumption behaviour of the households.
The demand for electricity is affected by changes in weather conditions.
However, in the long-run the demand for electricity for cooling is more elastic than is the demand for heating purposes
American Psychological Association (APA)
al-Ajluni, Samih. 2016. Price and income elasticities of residential demand for electricity in Jordan : an ARDL bounds testing approach to cointegration. Dirasat : Administrative Sciences،Vol. 43, no. 1, pp.335-349.
https://search.emarefa.net/detail/BIM-818894
Modern Language Association (MLA)
al-Ajluni, Samih. Price and income elasticities of residential demand for electricity in Jordan : an ARDL bounds testing approach to cointegration. Dirasat : Administrative Sciences Vol. 43, no. 1 (2016), pp.335-349.
https://search.emarefa.net/detail/BIM-818894
American Medical Association (AMA)
al-Ajluni, Samih. Price and income elasticities of residential demand for electricity in Jordan : an ARDL bounds testing approach to cointegration. Dirasat : Administrative Sciences. 2016. Vol. 43, no. 1, pp.335-349.
https://search.emarefa.net/detail/BIM-818894
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-818894