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Abstract
This article proposes an original panel specification of the energy demand model. Based on panel threshold regression models, we derive country-specific and time-specific energy elasticity. We find a fall of the elasticity when the income level increase.
Notes
1 Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, EX-Czechoslovakia, Denmark, Egypt, Finland, France, Germany, Hungary, India, Indonesia, Iran, Italy, Japan, South Korea, Malaysia, Mexico, Netherlands, New Zealand, Norway, Nigeria, Peru, Philippines, Poland, Romania, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, USA, EX URSS, Venezuela.
2 For individual elasticities, see Destais et al. (Citation2006).
