Demanda energética residencial en España: Una aplicación del modelo QUAIDS

Gutierrez-Lythgoe, Antonio (2023): Demanda energética residencial en España: Una aplicación del modelo QUAIDS.

Abstract

This study addresses the analysis of residential demand in Spain, focusing on various energy goods such as electricity, natural gas, and fuels for personal vehicles. Employing an approach based on the QUAIDS model and using data from the 2022 Household Budget Survey from the Spanish National Statistics Institute, the potential endogeneity of expenditure is considered to ensure robust results. The findings reveal that electricity exhibits an inelastic demand, strengthening its status as an essential good, while natural gas and fuels for personal vehicles are characterized by elastic demand, classifying them as luxuries based on expenditure elasticities. Furthermore, disparities in price and expenditure elasticities are documented concerning various sociodemographic realities, with the most pronounced differences observed in households headed by unemployed individuals.

• Item Type: MPRA Paper
• English Title: Residential energy demand in Spain: An application of the QUAIDS model.
• Language: Spanish
• Keywords: Electricity; Natural Gas; Fuels; QUAIDS; Residential Demand
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C30 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q20 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q30 - General; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q40 - General

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