Elasticities of Energy Demand

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Description

yearly observations of 49 states from 1970 to 1990

number of observations : 1029

country : United States

economic topic : consumer behavior

econometrics topic : variable coefficients

Usage

1

Format

A dataframe containing :

state

state code

year

the year

celec

residential electric consumption in billions Btu per capita (in logs)

cgas

residential natural gas consumption in billions Btu per capita (in logs)

pelec

real (1987 dollars) electricity price (in logs)

pgas

real (1987 dollars) natural gas price (in logs)

income

real disposable income per capita (in logs)

hdd

population weighted heating degrees days

cdd

population weighted cooling degrees days

Source

book's website http://www.wileyeurope.com/college/maddala.

References

Maddala, G.S., Robert P. Trost, Hongyi Li and Frederick Joutz (1977) “Estimation of Short-Run and Long-Run Elasticities of Demand from Panel Data Using Shrinkage Estimators ”, Journal of Business and Economic Statistics, 15(1), January, 90-100 .

Maddala, G.S. and K. Lahiri (2009) Introduction to economtrics, Wiley.

See Also

Index.Economics, Index.Econometrics

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