Factors Affecting Energy Demand in Developing Countries: A Dynamic Panel Analysis

Authors

  • Azlina Abd. Aziz
  • Nik Hashim Nik Mustapha
  • Roslina Ismail

Abstract

This work presents an empirical study of energy demand, in which demand for energy is expressed as a function of various factors, such as income, price, economic structure, and CO2 emission. Parameter values are estimated econometrically, using a panel data approach of 16 developing countries over 30-years period. In general, the empirical results of this study confirm the majority of the findings in energy demand analysis where income and price have shown to be important determinants in energy demand. Moreover, economic structure and also CO2 emission appear to exert significant impact on energy demand. Short- and long-run elasticities of demand are estimated and some policy suggestions are given to improve energy saving and green energy consumption in developing countries. Keywords: Energy demand; panel data JEL Classifications:  C23; Q31; Q41

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Published

2013-08-12

How to Cite

Aziz, A. A., Nik Mustapha, N. H., & Ismail, R. (2013). Factors Affecting Energy Demand in Developing Countries: A Dynamic Panel Analysis. International Journal of Energy Economics and Policy, 3(S), 1–6. Retrieved from https://econjournals.com/index.php/ijeep/article/view/559

Issue

Vol. 3 (2013): Special Issue For "International Conference on Energy Economics and Policy, 16-18 May 2013, Nevsehir, Turkey"

Section

Articles

License

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