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Industrial Companies’ Demand for Electricity: Evidence from a Micropanel by Thomas Bue Bjørner; Mikael Togeby; Henrik Holm Jensen is a Economics, Econometrics and Finance article available to read on EtoBox.

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The paper presents a micro-econometric analysis of industrial companies' demand for electricity. Previous studies on electricity consumption in the industrial sector have relied on aggregate data or cross-section observations. Here we present an econometric study on electricity demand based on a panel of 2949 Danish companies followed from 1983 to 1996. It is found that estimators of electricity demand that take account of the panel structure Ž . fixed effect models yield considerably lower price and production elasticities compared to Ž . estimators that do not like cross-section models . It is also investigated how various company characteristics like size, type of industrial sub-sector and electricity intensity in production influence price and production elasticities. It appears that companies with a high electricity intensity also have a high own-price elasticity.

Who reads Industrial Companies’ Demand for Electricity: Evidence from a Micropanel?

Author

Thomas Bue Bjørner; Mikael Togeby; Henrik Holm Jensen

Publisher

Elsevier Science; Elsevier ; Elsevier BV (ISSN 0140-9883)

Published

2001

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)