Income and price elasticity of residential electricity demand in Latin America and the Caribbean: a meta-analysis and meta-regression analysis
International Journal of Energy Sector Management
ISSN: 1750-6220
Article publication date: 13 April 2023
Issue publication date: 5 February 2024
Abstract
Purpose
This paper aims to identify the income and price elasticities of demand for residential electricity in Latin America and the Caribbean (LAC) and to verify their main determinants.
Design/methodology/approach
Meta-analysis and meta-regression methods were applied. After collecting and filtering journal articles, the authors obtained a sample composed of 76 studies covering 1979–2020.
Findings
The results show that the LAC's income elasticity is approximately 0.20 and 0.92 for the short and long term, respectively. The LAC's price elasticity is approximately −0.37 and −0.46 for the short and long term, respectively. Furthermore, the estimates are affected by the data structure, the estimation method used and the sampling period.
Originality/value
The authors close a gap in the literature by analyzing the price and income elasticities of demand through meta-analysis and meta-regression.
Keywords
Acknowledgements
The authors would like to acknowledge the funding of this research: The National Council of Scientific and Technological Development from Brazil (CNPq) funded this research through a Research Productivity Grant (n. 309836/2021–2). Furthermore, the Coordination for the Improvement of Higher Education Personnel (CAPES, Ministry of Education of Brazil) funded this research through the Master scholarship.
Declaration of interests: The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper; the authors declare the following financial interests/personal relationships which may be considered as potential competing interests.
Citation
Marques, M.L.V., Uhr, D.d.A.P. and Uhr, J.Z. (2024), "Income and price elasticity of residential electricity demand in Latin America and the Caribbean: a meta-analysis and meta-regression analysis", International Journal of Energy Sector Management, Vol. 18 No. 2, pp. 369-389. https://doi.org/10.1108/IJESM-05-2022-0012
Publisher
:Emerald Publishing Limited
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