MODELING RESIDENTIAL ENERGY DEMAND IN IRAN: AN APPLICATION OF THE ALMOST IDEAL DEMAND SYSTEM (AIDS)

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MANZOUR D.; JADIDZADEH ALI; SHAHMORADI ASGHAR

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Journal: ENERGY ECONOMICS REVIEW Year:2009 | Volume:6 | Issue:22 Page(s): 71-91

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Title

MODELING RESIDENTIAL ENERGY DEMAND IN IRAN: AN APPLICATION OF THE ALMOST IDEAL DEMAND SYSTEM (AIDS)

Author(s)

MANZOUR D. | JADIDZADEH ALI | SHAHMORADI ASGHAR | Issue Writer Certificate

Keywords

FLEXIBLE FUNCTIONAL FORMSQ2

ALMOST IDEAL DEMAND SYSTEM (AIDS)Q2

ALLEN AND MORISHIMA ELASTICITIESQ3

DIVISIA PRICE INDEXQ3

Abstract

This paper focuses on the residential sector demand for electricity, natural gas and petroleum products (Kerosene, gas oil and LPG) in Iran using a popular locally flexible functional form-"the Almost Ideal Demand System (AIDS)" We provide a policy perspective, using time series data set from 1971to 2005 (a total of 35 observations) and parameter estimates and a full set of elasticities (price, income and Allen & Morishima elasticities).Our results indicate that the Almost Ideal Demand System (AIDS) parameter estimates are meaningful and have theoretically acceptable directions. The income elasticities are all positive. The own-price elasticities are all negative, and indicate that the demands for electricity and natural gas are elastic and the demand for petroleum products is less elastic. The estimates of both the ALLEN AND MORISHIMA ELASTICITIES indicate that different sources of energy are Morishima substitutes.

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APA: Copy

MANZOUR, D., JADIDZADEH, ALI, & SHAHMORADI, ASGHAR. (2009). MODELING RESIDENTIAL ENERGY DEMAND IN IRAN: AN APPLICATION OF THE ALMOST IDEAL DEMAND SYSTEM (AIDS). ENERGY ECONOMICS REVIEW, 6(22), 71-91. SID. https://sid.ir/paper/99538/en

Vancouver: Copy

MANZOUR D., JADIDZADEH ALI, SHAHMORADI ASGHAR. MODELING RESIDENTIAL ENERGY DEMAND IN IRAN: AN APPLICATION OF THE ALMOST IDEAL DEMAND SYSTEM (AIDS). ENERGY ECONOMICS REVIEW[Internet]. 2009;6(22):71-91. Available from: https://sid.ir/paper/99538/en

IEEE: Copy

D. MANZOUR, ALI JADIDZADEH, and ASGHAR SHAHMORADI, “MODELING RESIDENTIAL ENERGY DEMAND IN IRAN: AN APPLICATION OF THE ALMOST IDEAL DEMAND SYSTEM (AIDS),” ENERGY ECONOMICS REVIEW, vol. 6, no. 22, pp. 71–91, 2009, [Online]. Available: https://sid.ir/paper/99538/en

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