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Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey

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dc.contributor.author Altinay, Galip
dc.contributor.author Yalta, Abdullah Talha
dc.date.accessioned 2019-05-23T05:53:22Z
dc.date.available 2019-05-23T05:53:22Z
dc.date.issued 2016-08
dc.identifier.citation Altinay, G., & Yalta, A. T. (2016). Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey. Empirical Economics, 51(1), 201-220. en_US
dc.identifier.issn 0377-7332
dc.identifier.other number of pages 20
dc.identifier.uri https://doi.org/10.1007/s00181-015-1012-1
dc.identifier.uri http://hdl.handle.net/20.500.11851/1111
dc.description.abstract Much of the existing literature on demand for natural gas assumes constant and single-value elasticities, overlooking the possibility of dynamic responses to the changing conditions. We aim to fill this gap by providing individual time series of short-run elasticity estimates based on maximum entropy resampling in a fixed-width rolling window framework. This approach does not only enable taking the variability of the elasticities into account, but also helps obtain more efficient and robust results in small samples in comparison with conventional inferences based on asymptotic distribution theory. To illustrate the methodology, we employ monthly time-series data between 2004 and 2012 and analyze the dynamics of residential natural gas demand in Istanbul, the largest metropolitan area in Turkey. Our findings reveal that the elasticities of the demand model do not remain constant and they are sensitive to the economic situation as well as weather fluctuations. en_US
dc.language.iso eng en_US
dc.publisher Physica-Verlag Gmbh & Co en_US
dc.rights info:eu-repo/semantics/closedAccess
dc.subject Turkey en_US
dc.subject energy demand en_US
dc.subject maximum entropy en_US
dc.subject bootstrap en_US
dc.subject İstanbul en_US
dc.subject natural gas en_US
dc.title Estimating the evolution of elasticities of natural gas demand: the case of Istanbul, Turkey en_US
dc.type article en_US
dc.relation.journal Empirical Economics en_US
dc.contributor.department TOBB ETU, Faculty of Economics and Administrative Sciences, Department of Economics en_US
dc.contributor.department TOBB ETÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR
dc.identifier.volume 51
dc.identifier.issue 1
dc.identifier.startpage 201
dc.identifier.endpage 220
dc.contributor.orcid https://orcid.org/0000-0003-2660-1480
dc.identifier.wos WOS:000379364700008
dc.identifier.scopus 2-s2.0-84945540411
dc.contributor.tobbetuauthor Yalta, Abdullah Talha
dc.identifier.doi 10.1007/s00181-015-1012-1
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı tr_TR


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