AN EMPIRICAL INVESTIGATION OF THE RURAL COOPERATIVES' RESIDENTIAL DEMAND FOR ELECTRICITY

Autor: Maddigan, Ruth J., Chern, Wen S., Gallagher, Colleen A.
Jazyk: angličtina
Rok vydání: 1981
Předmět:
DOI: 10.22004/ag.econ.279341
Popis: This study examines the Rural Electric Cooperatives' (RECs`) residential demand for electricity using a simultaneous-equation, partial -adjustment model developed as a component of the Oak Ridge National Laboratory Rural Electric Energy Demand (REED) model. The residential sector is described by a pair of equations in which the quantity of electricity demanded and the average electricity price are endogenous. The structural equations are estimated using regionally pooled state-level, REC-specific data for the period 1969 to 1977 for five regions. The results indicate substantial variability among regions in both the short-run and long -run response to changing prices, income and weather conditions.
Databáze: OpenAIRE