How Good are Weather Shocks for Identifying Energy Elasticities? A LASSO-IV Approach to European Natural Gas Demand

Published: 16 June 2022| Version 1 | DOI: 10.17632/53g4d85k6n.1
Contributors:
Merve Olmez Turan,
, Tulay Flamand

Description

The file includes an R script for generating IV, post-LASSO IV, and post-LASSO OLS models in order to estimate residential price elasticity for 23 European Union countries at panel and country-level. The results of the models are explained in the paper entitled "How Good are Weather Shocks for Identifying Energy Elasticities? A LASSO-IV Approach to European Natural Gas Demand". Since the monthly price data is confidential data provided by VaasaETT, we could not provide the dataset used in this study.

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Institutions

Colorado School of Mines

Categories

Natural Gas

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