Consumption of Electricity and Oil in Jordan: A non-parametric analysis using B-splinesMohammed Shahateet and Jaber Bdour MPRA Paper from University Library of Munich, Germany Abstract: This research is needed to provide scientific evidence that the consumption of electricity in Jordan substituted consumption of petroleum products. The study addresses changes of growth in both consumptions to analyze the impact of changes in electricity consumption on changes in the demand for oil in Jordan, both as annual growth percentages during 1971-2007. The method of B-spline is utilised to analyse and examine the shift from petroleum products to electricity. B-spline curves are also employed to determine the extent of this shift and when it did happen. To do that, the study employs a non-linear optimization model for the determination of spline order and function estimates. After that, it calculates the speed and acceleration of growth of both electricity and petroleum products. The study concludes that electricity has substituted petroleum products during several periods but major substitutions occurred during 1971-1976 and 2004-2007. Keywords: Non-Parametric Analysis; Econometric Models; Economics of Energy (search for similar items in EconPapers) Published in Dirasat, Administrative Sciences 2.37(2010): pp. 557-568 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57352 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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