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Residential Energy Demand in Australia: an Application of Dynamic OLS

Akmal, Muhammad; Stern, David; Akmal, Muhammad; Stern, David


This paper reports estimates of the long-run elasticities of residential demand for electricity, natural gas and other fuels for Australia. The dynamic OLS (DOLS) framework is used to estimate logarithmic demand equations with previously unpublished national-level quarterly data. Significant substitution possibilities are found between electricity and gas and between electricity and other fuels. However, the cross-price elasticity of gas with respect to the price of residual fuels is negative....[Show more]

CollectionsANU Research Publications
Type: Working/Technical Paper
Source: Working Papers in Ecological Economics; No. 0104


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