Residential Energy Demand: A Case Study of Pakistan

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Abstract
A model for household demand for energy in Pakistan is developed on the basis of stock of fuel‐consuming appliances and their rate of utilisation. Income and price elasticities of fuels are estimated by the OLS and GLS methods. These elasticities are found statistically significant and consistent with a priori knowledge of economic theory. Several policy implications are pointed out and suggestions are made for improvement in future estimation.