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UK energy market: An analysis of energy demands. Part I: A disaggregated sectorial approach

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  • Blakemore, F. B.
  • Davies, C.
  • Isaac, J. G.

Abstract

An econometric model has been used in a disaggregated approach to study the effect of energy demand for the Manufacturing Sector (1960-1987) and Domestic sector (1970-1987) respectively. The chosen model in each sector exhibits highly statistical significant coefficients for GDP, output, disposable income and energy price determinants. The GDP income elasticity was shown to be prominent in all models. The chosen model for each sector exhibited good predictive ability suggesting that it could be used for forecasting.

Suggested Citation

  • Blakemore, F. B. & Davies, C. & Isaac, J. G., 1994. "UK energy market: An analysis of energy demands. Part I: A disaggregated sectorial approach," Applied Energy, Elsevier, vol. 48(3), pages 261-277.
    • Handle: RePEc:eee:appene:v:48:y:1994:i:3:p:261-277
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    Cited by:

    1. Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
    2. Forouzanfar, Mehdi & Doustmohammadi, A. & Hasanzadeh, Samira & Shakouri G, H., 2012. "Transport energy demand forecast using multi-level genetic programming," Applied Energy, Elsevier, vol. 91(1), pages 496-503.
    3. Bhattacharyya, Subhes C. & Timilsina, Govinda R., 2010. "Modelling energy demand of developing countries: Are the specific features adequately captured?," Energy Policy, Elsevier, vol. 38(4), pages 1979-1990, April.

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