ESTIMATING THE RESIDENTIAL WATER DEMAND FUNCTION

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PAZHOOYAN J.; HOSSEINI S.SH.

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Journal: Iranian Journal of Economic Research Year:2003 | Volume:5 | Issue:16 Page(s): 47-67

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Information Journal Paper

Title

ESTIMATING THE RESIDENTIAL WATER DEMAND FUNCTION

Author(s)

PAZHOOYAN J. | HOSSEINI S.SH. | Issue Writer Certificate

Keywords

COINTEGRATION VECTOR AUTOREGRESSIVEQ4

STONE-GEARY UTILITY FUNCTIONQ3

RESIDENTIAL WATER DEMAND FUNCTIONQ4

Abstract

The present paper applied COINTEGRATION VECTOR AUTOREGRESSIVE (CVAR) Technique to Stone-Geary’s linear expenditure system, in order to estimate the residential demand for water in Metropolitan Tehran. Data used are for 1982-2000 period. Price-elasticity of the demand function is estimated as 8% for the point elasticity, and 12% for the average of duration. The income elastisities are estimated as 13% and 20%, respectively. This shows that the price elasticity of demand for water is inelastic. It is also indicated that the minimum use of water by Tehrani Citizens is 92 liters per-person per-day which is in the range of standard water use.

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APA: Copy

PAZHOOYAN, J., & HOSSEINI, S.SH.. (2003). ESTIMATING THE RESIDENTIAL WATER DEMAND FUNCTION. IRANIAN ECONOMIC RESEARCH, 5(16), 47-67. SID. https://sid.ir/paper/2750/en

Vancouver: Copy

PAZHOOYAN J., HOSSEINI S.SH.. ESTIMATING THE RESIDENTIAL WATER DEMAND FUNCTION. IRANIAN ECONOMIC RESEARCH[Internet]. 2003;5(16):47-67. Available from: https://sid.ir/paper/2750/en

IEEE: Copy

J. PAZHOOYAN, and S.SH. HOSSEINI, “ESTIMATING THE RESIDENTIAL WATER DEMAND FUNCTION,” IRANIAN ECONOMIC RESEARCH, vol. 5, no. 16, pp. 47–67, 2003, [Online]. Available: https://sid.ir/paper/2750/en

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