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...

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Bibliographic Details
Published in:The Energy journal (Cambridge, Mass.) Mass.), 2006-01, Vol.27 (2), p.87-111
Main Authors: Labandeira, Xavier, Labeaga, José M., Rodríguez, Miguel
Format: Article
Language:English
Subjects:
Applied sciences
Automobiles
Consumption
Econometrics
Economic data
Efficiency
Electric utilities
Electricity
Emission standards
Energy
Energy consumption
Energy economics
Energy prices
Environmental policy
Estimates
Exact sciences and technology
Expenditures
Fuel consumption
Gases
General, economic and professional studies
Households
Housing demand
Industrialized nations
LPG
Methodology. Modelling
Natural gas
Price elasticity
Public transportation
Studies
Total expenditures
Urban areas
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Summary: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.
ISSN:0195-6574
1944-9089
DOI:10.5547/ISSN0195-6574-EJ-Vol27-No2-6