A residential energy demand system for Spain
Sharp price fluctuations and increasing environmental and distributional concerns, among other issues, have led to a renewed academic interest in energy demand. In this paper we estimate, for the first time in Spain, an energy demand system with household microdata. In doing so, we tackle several ec...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45031 |
| _version_ | 1826193842365267968 |
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| author | Labandeira Villot, Xavier Labeaga, José María Rodriguez, Miguel A. |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Labandeira Villot, Xavier Labeaga, José María Rodriguez, Miguel A. |
| author_sort | Labandeira Villot, Xavier |
| collection | MIT |
| description | Sharp price fluctuations and increasing environmental and distributional concerns, among other issues, have led to a renewed academic interest in energy demand. In this paper we estimate, for the first time in Spain, an energy demand system with household microdata. In doing so, we tackle several econometric and data problems that are generally recognized to bias parameter estimates. This is obviously relevant, as obtaining correct price and income responses is essential if they may be used for assessing the economic consequences of hypothetical or real changes. With this objective, we combine data sources for a long time period and choose a demand system with flexible income and price responses. We also estimate the model in different sub-samples to capture varying responses to energy price changes by households living in rural, intermediate and urban areas. This constitutes a first attempt in the literature and it proved to be a very successful choice. |
| first_indexed | 2024-09-23T09:46:15Z |
| format | Working Paper |
| id | mit-1721.1/45031 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T09:46:15Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/450312019-04-10T14:52:15Z A residential energy demand system for Spain Labandeira Villot, Xavier Labeaga, José María Rodriguez, Miguel A. Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Sharp price fluctuations and increasing environmental and distributional concerns, among other issues, have led to a renewed academic interest in energy demand. In this paper we estimate, for the first time in Spain, an energy demand system with household microdata. In doing so, we tackle several econometric and data problems that are generally recognized to bias parameter estimates. This is obviously relevant, as obtaining correct price and income responses is essential if they may be used for assessing the economic consequences of hypothetical or real changes. With this objective, we combine data sources for a long time period and choose a demand system with flexible income and price responses. We also estimate the model in different sub-samples to capture varying responses to energy price changes by households living in rural, intermediate and urban areas. This constitutes a first attempt in the literature and it proved to be a very successful choice. 2009-04-03T17:06:32Z 2009-04-03T17:06:32Z 2005 Working Paper 2005-001 http://hdl.handle.net/1721.1/45031 58725311 MIT-CEEPR (Series) ; 05-001WP. 37 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Labandeira Villot, Xavier Labeaga, José María Rodriguez, Miguel A. A residential energy demand system for Spain |
| title | A residential energy demand system for Spain |
| title_full | A residential energy demand system for Spain |
| title_fullStr | A residential energy demand system for Spain |
| title_full_unstemmed | A residential energy demand system for Spain |
| title_short | A residential energy demand system for Spain |
| title_sort | residential energy demand system for spain |
| url | http://hdl.handle.net/1721.1/45031 |
| work_keys_str_mv | AT labandeiravillotxavier aresidentialenergydemandsystemforspain AT labeagajosemaria aresidentialenergydemandsystemforspain AT rodriguezmiguela aresidentialenergydemandsystemforspain AT labandeiravillotxavier residentialenergydemandsystemforspain AT labeagajosemaria residentialenergydemandsystemforspain AT rodriguezmiguela residentialenergydemandsystemforspain |