Friday, February 5, 2010
Long-run Elasticity of Demand for Energy?
I just realised that the elasticity reported in my slides for the Hub workshop for the effect of the purchasing power parity variable on energy intensity is kind of a global price elasticity demand for energy in the long-run. Because it is estimated on averages for the 1971-2007 period it averages out all fluctuations in prices over time except countries' relative price levels compared to the
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Energy
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