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Electricity Demand in MENA Countries: A Panel Cointegration Analysis

Author

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  • Mohammad Sharif Karimi

    (Department of Economics, Faculty of Social Sciences, Razi University, Kermanshah, Iran.)

  • Huseyin Karamelikli

    (Economics Science Department, Karabuk University, Turkey.)

Abstract

In this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected Middle East and North African (MENA) countries using an annual data series from 1990 to 2011.Our main finding from the panel analysis is that the demand for electricity is highly price elastic and slightly income elastic in the long run for MENA countries. Our findings are consistent with the argument that the demand for electricity in the MENA countries is affected largely by strong economic growth.

Suggested Citation

  • Mohammad Sharif Karimi & Huseyin Karamelikli, 2016. "Electricity Demand in MENA Countries: A Panel Cointegration Analysis," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 20(1), pages 81-92, Winter.
  • Handle: RePEc:eut:journl:v:20:y:2016:i:1:p:81
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    Cited by:

    1. Saeed Shavvalpour & Hossein Khanjarpanah & Farhad Zamani & Armin Jabbarzadeh, 2017. "Petrochemical Products Market and Stock Market Returns: Empirical Evidence from Tehran Stock Exchange," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 383-403, Spring.

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