Abstract
This chapter analyses the problems of modelling and the underlying energy demand trend (UEDT) when estimating energy demand models. In particular, it emphasizes the need to ensure that a flexible approach is adopted so that the UEDT captures the important variables which as income and price.
| Original language | English |
|---|---|
| Title of host publication | Energy in a competitive market: essays in honour of Colin Robinson |
| Editors | Lester Hunt |
| Place of Publication | Cheltenham |
| Publisher | Edward Elgar Publishing |
| Pages | 140-174 |
| Number of pages | 35 |
| ISBN (Print) | 1840647981 |
| Publication status | Published - 2003 |