The Asymmetric Effects of Changes in Price and Income on Energy and Oil Demand

By D. Gately, H. Huntington. 2002

471 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/57fb4f63a7eaee65e3e48178a86abff2a5e105f2

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Citations in the corpus

Vehicle Ownership and Income Growth, Worldwide: 1960-2030 (2007, methodology): “This is done by creating two dummy variables defined as: otherwiseandGDP GDP ifF otherwiseandGDP GDP ifR ititit ititit 001 001 1 1 =<−= =>−= − − (6) and replacing θ in (4) with: itFitR FR θθθ += (7) 5 Note that this asymmetry differs from the long-run asymmetric price responsiveness of oil demand, u”
Energy Prices and Turning Points: The Relationship between Income and Energy Use/Carbon Emissions (2006, background): “Second, the effects of the price decline on energy use and carbon emissions may have been mitigated by asymmetric demand responses associated with factors such as technical change or putty-clay relationships (Gately and Huntington, 2002; Gately, 1992).”
Energy Demand and Energy Efficiency in the OECD Countries: A Stochastic Demand Frontier Approach (2011, background): “4 In this model specification, we are assuming that the price effect is symmetric. Gately and Huntington (2002) ,”
Estimating the Energy Security Benefits of Reduced U.S. Oil Imports 1 (2007, result): “…were reviewed, and the non-OPEC supply and demand elasticity ranges were updated and increased to levels consistent with many recent estimates, particularly Gately and Huntington 2002 (see the parameter summary Table A4, and the review of other elasticity estimates in Appendix A of this report).”
Financial Crash, Commodity Prices, and Global Imbalances (2008, unknown): “See Gately and Huntington (2002) and the discussion in Hamilton (2008).”
World Crude Oil Markets: Monetary Policy and the Recent Oil Shock (2006, unknown): “An increase in the interest rates tends to affect 16 Gately and Huntington (2002) reported, for long-run oil demand, a price elasticity of the order of –0.64 and an income elasticity of the order 0.56 for the OECD countries; the corresponding elasticities for the non-OECD countries were,…”
Energy Efficiency: Economics and Policy (2010, background): “In addition, given the irreversible nature of ECE investments, the reaction to an energy price increase is stronger than the one resulting from a decrease, which again proves the usefulness of this instrument (Gately and Huntington, 2002).”