April 13, 2009

A Partial Adjustment Model of U.S. Electricity Demand by Region, Season, and Sector

by Erica Myers, Karen L. Palmer and Anthony Paul

- This paper estimates electricity demand functions with particular attention paid to the demand stickiness that is imposed by the capital-intensive nature of electricity consumption and to regional, seasonal, and sectoral variation. The analysis uses a partial adjustment model of electricity demand that is estimated in a fixed-effects OLS framework.

Myers, E., K.L. Palmer and A. Paul (2009). "A Partial Adjustment Model of U.S. Electricity Demand by Region, Season, and Sector." RFF Discussion Paper 08-50, April 2009.