Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey

Altınay, Galip; Yalta, A. Talha

doi:10.1007/s00181-015-1012-1

Cited by 11 publications

(5 citation statements)

References 36 publications

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“…Hence, this result means that relatively warmer countries consume less natural gas. This finding is consistent with Yu et al (2014); Harold et al (2015) and Altinay and Yalta (2016).…”

Section: Resultssupporting

confidence: 90%

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Multiple Determinants of Household Natural Gas Demand: A Panel Data Analysis in OECD Countries

Tatlı¹

2018

Asian Development Policy Review

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This paper examines the determinants of household natural gas demand in 18 selected OECD countries over the period 2004 to 2015. Household natural gas demand is specified as a function of its own price, income, population and climate. The long-term price and income elasticities of natural gas demand were estimated pooled data regressions. The results provide evidence that natural gas prices, per capita GDP, population and climate are significant factors in explaining household natural gas demand. More specifically, population is found to be the most influential factor on household natural gas demand. The results indicate that natural gas demand has negative and positive price and income elasticities, respectively. Also, both price and income are inelastic in the long-term. Contribution/ Originality: This study contributes to the current literature with a multivariate approach. Natural gas that demanded in the household sector is analyzed for OECD countries with a multivariate approach. In addition, new data sets are used in this study. The analysis is carried out with advanced econometric methods. The price and income elasticities of natural gas demand for OECD countries provide beneficial results for energy policy makers.

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“…Hence, this result means that relatively warmer countries consume less natural gas. This finding is consistent with Yu et al (2014); Harold et al (2015) and Altinay and Yalta (2016).…”

Section: Resultssupporting

confidence: 90%

“…They reported a long-run income elasticity of 0.748 using aggregated data. Similarly, Altinay and Yalta (2016) provide similar evidence from the Turkey. They report a long-run income elasticity of 0.512 using globally aggregated data, again similar to our estimates.…”

Section: Resultssupporting

confidence: 55%

Multiple Determinants of Household Natural Gas Demand: A Panel Data Analysis in OECD Countries

Tatlı¹

2018

Asian Development Policy Review

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“…Some exceptions are the meta-analyses of elasticity figures for different energy goods by Espey and Espey (2004), who show that the short-run price elasticity of electricity experienced a reduction during the energy crisis of the 1970s; and by Labandeira et al (2017), who provide evidence of reduction of short and long-run price elasticities of energy demand after the 1973 crisis and of long-run elasticities after the 1979 and 2008 crises. Finally, Altinay and Yalta (2016) find increased price elasticities of natural gas in Istanbul after the 2008 crisis while Romero-Jordán et al (2016) also report an increase in the price elasticity of demand for domestic electricity in Spain after the recent recession.…”

Section: Introduction *mentioning

confidence: 94%

Elasticities of Car Fuels at Times of Economic Crisis: An Empirical Analysis for Spain

et al. 2017

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The Robert Schuman Centre for Advanced Studies (RSCAS), created in 1992 and directed by Professor Brigid Laffan, aims to develop inter-disciplinary and comparative research and to promote work on the major issues facing the process of integration and European society.The Centre is home to a large post-doctoral programme and hosts major research programmes and projects, and a range of working groups and ad hoc initiatives. The research agenda is organised around a set of core themes and is continuously evolving, reflecting the changing agenda of European integration and the expanding membership of the European Union.Details of the research of the Centre can be found on: AbstractThis paper provides an updated calculation of the price and income responsiveness of Spanish consumers of car fuels, with an explicit exploration of the effects of the recent economic crisis. We examine separate gasoline and diesel demand models using a set of estimators on a panel of 16 Spanish regions over the period 1999-2015. The paper confirms the persistence of low own-price elasticities both for diesel and gasoline in the short and long runs. It also shows that the crisis of 2008-2013 slightly increased the price elasticity of demand for car fuels, with a higher effect on diesel than on gasoline. By contrary, the crisis slightly reduced the income elasticity of car-fuel demand. Given the intensity and length of the economic recession in Spain, the results of this paper may be useful to anticipate the effects of domestic public policies that impact car-fuel prices as well as to advance some of the potential consequences of crises elsewhere.

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“…The majority of the results indicate that the demand for natural gas in the industrial sector is inelastic to price and income, but income is higher elasticity than price and price elasticity higher than the cross-fuel price elasticity. Altinay and Yalta (2016) revealed that the elasticity of natural gas demand does not remain constant, but rather is sensitive to the economic situation and weather fluctuations.…”

Section: Paynementioning

confidence: 99%

The Price and Income Elasticity of Demand for Natural Gas Consumption in Saudi Arabia

Alzyadat

2022

IJEEP

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Natural gas consumption in Saudi Arabia (KSA) has grown at an annual rate of approximately 7% as a result of population growth and other economic and non-economic factors. This study aims to estimate the short- and long-run price and income elasticities of natural gas demand in Saudi Arabia using time series data from 1990 to 2020, applying the Autoregressive Distributed lag Procedure (ARDL). Employ an Error-correction model to obtain estimates of adjustment speeds with long and short-run elasticities. The elasticity of demand for natural gas was calculated by including population growth as a control variable. The short-run dynamics evaluated indicate that the speed of adjustment is 70% annually, the long-run income and the price elasticities are 0.0002 and -2.09 respectively. The short-run income and price elasticities are 0.0002, -1.17 respectively. This means that price changes have a greater impact on natural gas demand than changes in income in the short and long run. Population growth has contributed to the increase in natural gas consumption in Saudi Arabia in the short and long run. In general, based on the results, the trend of Saudi Arabia to increase the consumption of natural gas needs to maintain low prices, due to the high price elasticity of demand.

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Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey

Cited by 11 publications

References 36 publications

Multiple Determinants of Household Natural Gas Demand: A Panel Data Analysis in OECD Countries

Multiple Determinants of Household Natural Gas Demand: A Panel Data Analysis in OECD Countries

Elasticities of Car Fuels at Times of Economic Crisis: An Empirical Analysis for Spain

The Price and Income Elasticity of Demand for Natural Gas Consumption in Saudi Arabia

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