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A model for forecasting sectoral energy demand

This study develops a model which describes the energy consumption behavior of several consuming sectors in a region. Three sectors of consumers are considered: industrial, commercial, and residential. In each sector three energy fuels are considered: petroleum, natural gas, and electricity. Sectoral behavior is estimated for two regions: Massachusetts and Florida for the 1972 to 1984 time period. / It is hypothesized that the consumers in each of the sectors behave so as to minimize the cost of the energy consumed in the production of some output. Output is measured using an industrial production index in the industrial sector, income in the commercial sector, and the number of households in the residential sector. The estimation is based on the assumption that energy inputs are separable from the other components of production such that model inputs are generally limited to measures of fuel price, fuel consumption and sectoral output. / A translog function was chosen as the form for estimating the cost function for each sector. From the cost function, fuel share equations, representing the portion of total cost expended on each fuel, are derived. The resulting system of equations, total cost and share equations, are estimated using an iterative Zellner technique. After checking the estimated models for desired behavioral characteristics, scenarios of energy consumption are developed and the relationships are discussed. / Source: Dissertation Abstracts International, Volume: 51-12, Section: A, page: 4213. / Major Professor: Joan Haworth. / Thesis (Ph.D.)--The Florida State University, 1990.

Identiferoai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_78354
ContributorsReed, John Gordon., Florida State University
Source SetsFlorida State University
LanguageEnglish
Detected LanguageEnglish
TypeText
Format154 p.
RightsOn campus use only.
RelationDissertation Abstracts International

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