ESTIMATION OF THE DEMAND FUNCTION FOR ELECTRICITY THE CASE OF UAE
Journal: International Journal of Management (IJM) (Vol.11, No. 11)Publication Date: 2020-11-30
Authors : Akram Masoud Haddad;
Page : 1679-1692
Keywords : factors affecting electricity; demand of electricity; electricity sector in UAE.;
Abstract
The electricity sector is of strategic and vital importance sector represents the backbone of economic, social and cultural growth, prosper and development of any country. Consequently, electricity production and consumption become one of the criteria for measuring the progress and development of nations and economic growth. estimating the demand function for electricity in UAE is an important task because demand of electricity is the main pillar of planning production and consumption of electric energy to build successful policy in general and in UAE particular and it is the core of this study were data during 1971-2018 are analyzed Results shows that that prices of the electricity, population, population growth rate, GDP, share of the sector in GDP of the household sector and the share of other sector (sectors excluded the residential and commercial and industrial sectors) are significantly affect the electricity demand in UAE while other factors have insignificant affects. This is due to climate of the UAE and the coming labor to the country.
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