Publication Title
International Journal of Energy Economics and Policy
Document Type
Article
Abstract/Description
This study estimates a Generalized Exact Affine Stone Index model to quantify demand structure among such energy sources as natural gas, coal, nuclear, wind, solar, and geothermal energy, employing monthly time-series data ranging from January of 2009 through December of 2020. The demand for natural gas, coal, and nuclear energy emerges as inelastic. A significant substitutability relationship is empirically established between the energy sources. All the computed expenditure elasticities are positive, with natural gas being the most sensitive and nuclear energy being the least sensitive to energy source expenditures. Pre-committed consumption is found for geothermal energy. Finally, the welfare implications of the projected decrease in the natural gas price are assessed with the Hicksian compensating variation measure.
Department
Agricultural Sciences and Natural Resources
First Page
457
Last Page
464
DOI
https://doi.org/10.32479/ijeep.21808
Volume
16
Issue
1
ISSN
2146-4553
Date
6-29-2025
Citation Information
Bakhtavoryan, Rafael, "A Demand Systems Analysis of Energy Sources in the United States" (2025). Faculty Publications. 7.
https://lair.etamu.edu/ag-science-faculty-publications/7
