Estimation of the effects of price on apartment water demand using cointegration and error correction techniques

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dc.contributor.author Ghavidelfar, Saeed en
dc.contributor.author Shamseldin, Asaad en
dc.contributor.author Melville, Bruce en
dc.date.accessioned 2016-12-08T20:23:50Z en
dc.date.issued 2016 en
dc.identifier.citation Applied Economics 48(6):461-470 2016 en
dc.identifier.issn 0003-6846 en
dc.identifier.uri http://hdl.handle.net/2292/31283 en
dc.description.abstract Water price is a key instrument in regulating water demand in the residential sector. Many empirical studies have assessed the effects of price through quantifying the price elasticity of water demand. However, most of these studies have mainly focused on the single-family housing rather the multifamily housing. An in-depth understanding of the price elasticity of multifamily housing water demand is paramount for water planners in order to properly manage water use in the fast growing intensive housing developments in urban areas. This study investigates both the long-term and short-term price elasticities of water demand in the residential apartments in Auckland central city. Using 6 years of monthly time series data, the price elasticities were estimated through cointegration and error correction methods. The results showed that the price elasticities of water demand were −0.14 and −0.12 in the short term and the long term, respectively. The price is inelastic yet negative and statistically significant, thus it can play a role in demand management. en
dc.publisher Taylor & Francis (Routledge): SSH Titles en
dc.relation.ispartofseries Applied Economics en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Estimation of the effects of price on apartment water demand using cointegration and error correction techniques en
dc.type Journal Article en
dc.identifier.doi 10.1080/00036846.2015.1083082 en
pubs.issue 6 en
pubs.begin-page 461 en
pubs.volume 48 en
dc.rights.holder Copyright: Taylor & Francis en
pubs.end-page 470 en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Article en
pubs.elements-id 496308 en
pubs.org-id Engineering en
pubs.org-id Civil and Environmental Eng en
dc.identifier.eissn 1466-4283 en
pubs.record-created-at-source-date 2016-12-09 en


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