SHORT RUN AND LONG RUN DYNAMICS OF RESIDENTIAL ELECTRICITY CONSUMPTION: HOMOGENEOUS AND HETEROGENEOUS PANEL ESTIMATIONS FOR OECD

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dc.authoridBilgili, Faik/0000-0003-4138-6897
dc.authoridTULUCE, NADIDE SEVIL/0000-0003-2804-0728
dc.contributor.authorBilgili, Faik
dc.contributor.authorPamuk, Yalcin
dc.contributor.authorTuluce, Nadide Sevil Halici
dc.date.accessioned2025-02-24T17:19:05Z
dc.date.available2025-02-24T17:19:05Z
dc.date.issued2011
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThe purpose of this paper is to reveal the short run and long run dynamics of residential electricity consumption for 11 OECD countries within annual period 1979-2006. To this end, this paper first explores the findings from related literature evidence and, later, follows panel cointegration equations (CEs) and panel error correction models (ECMs). CEs give long run relations of the variables in residential electricity demand function. ECMs include both long run and short run parameter estimates of the per capita residential electricity demand in terms of residential electricity price, residential light fuel oil price, residential natural gas price and per capita income. For both ECs and ECMs, the techniques of panel OLS, panel adjusted OLS and panel dynamic OLS are utilized. Finally, this paper yields short term and long term elasticities of residential electricity consumption together with error correction terms through homogeneous and heterogeneous variance structures.
dc.identifier.endpage125
dc.identifier.issn0424-267X
dc.identifier.issn1842-3264
dc.identifier.issue3
dc.identifier.scopus2-s2.0-84856492856
dc.identifier.scopusqualityQ3
dc.identifier.startpage113
dc.identifier.urihttps://hdl.handle.net/20.500.14440/974
dc.identifier.volume45
dc.identifier.wosWOS:000294752000008
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherAcad Economic Studies
dc.relation.ispartofEconomic Computation and Economic Cybernetics Studies and Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20250201
dc.subjectelectricity consumption
dc.subjectelasticities
dc.subjecthomogeneous and heterogeneous variance structures
dc.subjectpanel error correction model
dc.subjectpanel dynamic ordinary least squares
dc.titleSHORT RUN AND LONG RUN DYNAMICS OF RESIDENTIAL ELECTRICITY CONSUMPTION: HOMOGENEOUS AND HETEROGENEOUS PANEL ESTIMATIONS FOR OECD
dc.typeArticle

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