Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/pcp/pucrev/y2023i91p53-71.html
   My bibliography  Save this article

Small Firm Electricity Demand in Las Cruces, New Mexico, USA

Author

Listed:
  • Thomas M. Fullerton, Jr

    (Department of Economics & Finance, University of Texas)

  • Daniel J. Pastor

    (Department of Economics & Finance, University of Texas)

  • Michael Pokojovy

    (Department of Mathematical Sciences, University of Texas)

  • Andrew T. Yurachek

    (Power Marketing Department, El Paso Electric Company)

Abstract
Research examining small commercial and industrial electricity usage patterns have historically received less attention than residential electricity consumption patterns. This study examines electricity as an input to small firm commercial and industrial (CIS) production in Las Cruces, the second largest metropolitan economy in the state of New Mexico, using annual frequency data from 1978 to 2018. Those data include labor, per capita personal income, price measures for electricity and natural gas, and weather variables. The long-run and short-run elasticities of the data are then estimated using an autoregressive distributed lag model (ARDL). In the long-run, the CIS derived-demand curve is found to be upward sloping, and Las Cruces CIS customers use natural gas as a complementary input. Real per capita income is also found to have a positive impact in the long-run, while weather impacts are found to be ambiguous. In the short-run, theLas Cruces CIS derived-demand curve is downward sloping, CIS customers use natural gas asa substitute factor, and weather extremes are found to be positively correlated with small firm electricity usage.

Suggested Citation

  • Thomas M. Fullerton, Jr & Daniel J. Pastor & Michael Pokojovy & Andrew T. Yurachek, 2023. "Small Firm Electricity Demand in Las Cruces, New Mexico, USA," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 46(91), pages 53-71.
    • Handle: RePEc:pcp:pucrev:y:2023:i:91:p:53-71
    as

    Download full text from publisher

    File URL: https://revistas.pucp.edu.pe/index.php/economia/article/view/27318/25589
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Derived Input Demand; Duality Theory; Electricity; Las Cruces Metropolitan Economy;
    All these keywords.

    JEL classification:

    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pcp:pucrev:y:2023:i:91:p:53-71. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/depucpe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.