UK ENERGY MARKET - AN ANALYSIS OF ENERGY DEMANDS .1. A DISAGGREGATED SECTORIAL APPROACH

Authors
BLAKEMORE FB DAVIES C ISAAC JG
Citation
Fb. Blakemore et al., UK ENERGY MARKET - AN ANALYSIS OF ENERGY DEMANDS .1. A DISAGGREGATED SECTORIAL APPROACH, Applied energy, 48(3), 1994, pp. 261-277
Citations number
3
Categorie Soggetti
Energy & Fuels","Engineering, Chemical
Journal title
Applied energy → ACNP
ISSN journal
03062619
Volume
48
Issue
3
Year of publication
1994
Pages
261 - 277
Database
ISI
SICI code
0306-2619(1994)48:3<261:UEM-AA>2.0.ZU;2-C
Abstract
An econometric model has been used in a disaggregated approach to stud y the effect of energy demand for the Manufacturing Sector (1960-1987) and Domestic sector (1970-1987) respectively. The chosen model in eac h sector exhibits highly statistical significant coefficients for GDP, output, disposable income and energy price determinants. The GDP inco me elasticity was shown to be prominent in all models. The chosen mode l for each sector exhibited good predictive ability suggesting that it could be used for forecasting.