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Demanda residencial de energia elétrica em Minas Gerais: 1970-2002 [Residential demand for electrical energy in Minas Gerais: 1970-2002]

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Author Info
Leonardo Bornacki de Mattos () (UFV)
João Eustáquio de Lima () (UFV)
Abstract

The objective of this study was to obtain an estimate for residential electricity demand in Minas Gerais in the period from 1970 to 2002. Specifically, the goal was to estimate price and income elasticities. After determining that the series under study were non-stationary, we chose to use the Co-integration approach, estimating a Vector Error Correction Model (VEC Model). The results obtained show that the demand studied is more sensible to variations in the income than to the price of the electricity, although both elasticities are inferior to the unit. It was also concluded that price-elasticity is higher in Minas Gerais than it is for Brazil as a whole, suggesting differentiated usage of this energy among the different states in the Country.

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Publisher Info
Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.

Volume (Year): 15 (2005)
Issue (Month): 3 (September-December)
Pages: 31-52
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Handle: RePEc:nov:artigo:v:15:y:2005:i:3:p:31-52

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Related research
Keywords: residential demand; electricity; co-integration; VECM;

Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand

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This page was last updated on 2009-11-13.

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