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Empirical Economics

, Volume 41, Issue 2, pp 511–531 | Cite as

Revisiting residential demand for electricity in Greece: new evidence from the ARDL approach to cointegration analysis

  • Theologos Dergiades
  • Lefteris TsoulfidisEmail author
Article

Abstract

This article re-examines the long-run and short-run determinants of the aggregate residential demand for electricity in Greece using data spanning the period 1964–2006 and the recently advanced ARDL cointegrating method (Pesaran, J Appl Econ 16:289–326, 2001) that has not been hitherto applied to Greek data. The results of the ARDL method combined with the (Johansen, J Econ Dyn Control 12:231–254, 1988) cointegration method show the presence of an equilibrium relationship among the variables involved. These findings may shed new light on the contemplation of more effective energy policies with respect to electricity.

Keywords

Residential electricity demand ARDL Cointegration 

JEL Classification

C22 Q41 Q43 

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Copyright information

© Springer-Verlag 2010

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of MacedoniaThessalonikiGreece

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