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Econometric modeling of electricity consumption in post-war Lebanon

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dc.contributor.author Nasr, G. E.
dc.contributor.author Dibeh, G.
dc.contributor.author Badr, E.A.
dc.date.accessioned 2017-08-25T09:18:42Z
dc.date.available 2017-08-25T09:18:42Z
dc.date.copyright 2000 en_US
dc.identifier.issn 0140-9883 en_US
dc.identifier.uri http://hdl.handle.net/10725/6083
dc.description.abstract This paper applies econometric models to investigate determinants of electrical energy consumption in post-war Lebanon. The impact of the Gross Domestic Product (GDP), proxied by total imports (TI), and degree days (DD) on electricity consumption is investigated over different time spans covering the period from 1993 to 1997. The time spans are chosen according to the rationing level of electricity supply. For the 1993–1994 time span, TI is found to be a significant determinant of energy consumption, whereas, DD has a negative correlation. This inconsistency might be attributed to an extensive rationing policy followed during this period. For the 1995–1997 time span which includes reduced rationing period (1995), all electrical energy consumption determinants are found to be significant at the 5% significance level. Analysis results for the rationing free 1996–1997 time span also show the significance of TI and DD at the 5% level. Furthermore, cointegration analysis for the 1995–1997 and 1996–1997 subsets reveals the existence of a long-run relationship between all variables. In addition, error correction models for both subsets are developed to predict short-run dynamics. Finally, statistical performance measures such as mean square error, mean average deviation and mean average percentage error are presented for all models. en_US
dc.language.iso en en_US
dc.title Econometric modeling of electricity consumption in post-war Lebanon en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.school SOE
dc.author.idnumber 199390170 en_US
dc.author.idnumber 199490150 en_US
dc.author.department Department of Economics (ECON) en_US
dc.description.embargo N/A en_US
dc.relation.journal Energy Economics en_US
dc.journal.volume 22 en_US
dc.journal.issue 6 en_US
dc.article.pages 627-640 en_US
dc.keywords Electricity consumption en_US
dc.keywords Econometric models en_US
dc.keywords Lebanon en_US
dc.identifier.doi https://doi.org/10.1016/S0140-9883(99)00039-0 en_US
dc.identifier.ctation Nasr, G. E., Badr, E. A., & Dibeh, G. (2000). Econometric modeling of electricity consumption in post-war Lebanon. Energy Economics, 22(6), 627-640. en_US
dc.author.email genasr@lau.edu.lb en_US
dc.author.email gdibeh@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://pdfs.semanticscholar.org/e9f0/d94983134f8e920ff6870ec02cd389819f05.pdf en_US
dc.author.affiliation Lebanese American University en_US


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