Economics, Econometrics and Finance
8 years ago

UK Energy Demand Linked to Income and Price, Impacting Sustainability

RePEc: Research Papers in Economics
An Analysis of UK Energy Demand Using Multivariate Cointegration
Lester C. Hunt, Robert Witt

Paper Summary

The article analyzes UK energy demand from 1967 to 1994. It looks at how energy price, income, and temperature affect energy consumption. The study finds a stable relationship between energy demand, income, and price over time, with temperature only impacting demand in the short term. The results show that income has a weaker long-term effect on energy demand compared to previous research.

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