Energy consumption of the households 1960-1996
AbstractAbstract
[en] During the 1960s energy consumption of Danish households increased relatively fast, but the oil price shocks of the 1970s and subsequent energy policy changes reversed this development towards stagnation in energy consumption in the recent decades. Using time series data covering the period 1960-1996 the final energy consumption of the residential sector is analysed in the framework of co-integration and error-correction modelling. The long run income and price elasticities are found to be 1.17 and -0.85, respectively, but in the short run energy prices seem to influence consumption less as only income and the weather conditions appear significantly in the short run dynamics of the estimated error-correction model. (au)
Original Title
Husholdsningssektorens energiforbrug 1960-1996
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18 refs.
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Journal Article
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