Estimating industrial and residential electricity demand in Turkey: A time varying parameter approach

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dc.authoridÖzturk, İlhan -- 0000-0002-6521-0901
dc.contributor.authorArisoy, İbrahim
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:28:02Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:28:02Z
dc.date.issued2014
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000334262000097en_US
dc.description.abstractThis paper estimates the price and income elasticity of industrial and residential electricity demand in Turkey for 1960-2008 period. Time varying parameters model based on Kalman filter is employed. The results show that the income and price elasticities of industrial and residential electricity demand are lower than unity. The income elasticity of demand has a positive sign and it is statistically significant which is 0.979 and 0.955 for industrial and residential electricity demand, respectively. Thus, an increase in per capita electricity consumption is less than increase in per capita income. Moreover, the estimates of price elasticity are very inelastic for both residential and industrial electricity demand. The price elasticity of industrial electricity demand is -0.014 and price elasticity of residential electricity demand is -0.0223. Therefore, the price increase will not discourage residential and industrial electricity demand and consumers will show little response to electricity price variations because electricity is a necessary good.en_US
dc.identifier.doi10.1016/j.energy.2014.01.016
dc.identifier.endpage964en_US
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.scopus2-s2.0-84896391252
dc.identifier.scopusqualityQ1
dc.identifier.startpage959en_US
dc.identifier.urihttps://doi.org/10.1016/j.energy.2014.01.016
dc.identifier.urihttps://hdl.handle.net/20.500.12507/592
dc.identifier.volume66en_US
dc.identifier.wosWOS:000334262000097
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPERGAMON-ELSEVIER SCIENCE LTDen_US
dc.relation.ispartofEnetgy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closeAccessen_US
dc.subjectElectricity Demanden_US
dc.subjectElectricity Priceen_US
dc.subjectKalman filteren_US
dc.titleEstimating industrial and residential electricity demand in Turkey: A time varying parameter approach
dc.typeArticle

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