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THE DEMAND FOR ENERGY IN THE UNITED KINGDOM
Author(s) -
Uri Noel D.
Publication year - 1982
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1982.tb00434.x
Subject(s) - economics , natural gas , coal , natural resource economics , energy demand , oil and natural gas , fossil fuel , energy (signal processing) , engineering , waste management , statistics , mathematics
Interfuel substitution, a priori , seems to be of considerable importance in the economy of the United Kingdom. Consequently, an appropriate model is developed and estimated. All energy sources are demonstrated to be substitutable. Coal is the most price responsive with natural gas, oil and electrical following. The results are not inconsistent with other studies of energy substitution. Moreover, when the issue of the stability of the demand for energy types is considered, the suggestion that the demand for coal, oil, natural gas, and electrical energy have remained virtually constant over the past three decades.