Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?

This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing c...

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Main Authors:	Bhattacharyya, Subhes C., Timilsina, Govinda R.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy Forecasting Q470
Online Access:	http://hdl.handle.net/10986/5419

id	okr-10986-5419
recordtype	oai_dc
spelling	okr-10986-54192021-04-23T14:02:22Z Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured? Bhattacharyya, Subhes C. Timilsina, Govinda R. Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy Forecasting Q470 This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are commonly used in the existing energy demand models. Although energy demand models have greatly evolved since the early seventies, key issues such as the poor-rich and urban-rural divides, traditional energy resources and differentiation between commercial and non-commercial energy commodities are often poorly reflected in these models. While the end-use energy accounting models with detailed sectoral representations produce more realistic projections as compared to the econometric models, they still suffer from huge data deficiencies especially in developing countries. Development and maintenance of more detailed energy databases, further development of models to better reflect developing country context and institutionalizing the modelling capacity in developing countries are the key requirements for energy demand modelling to deliver richer and more reliable input to policy formulation in developing countries. 2012-03-30T07:32:44Z 2012-03-30T07:32:44Z 2010 Journal Article Energy Policy 03014215 http://hdl.handle.net/10986/5419 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy Forecasting Q470
spellingShingle	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Energy: Demand and Supply Q410 Energy Forecasting Q470 Bhattacharyya, Subhes C. Timilsina, Govinda R. Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper critically reviews existing energy demand forecasting methodologies highlighting the methodological diversities and developments over the past four decades in order to investigate whether the existing energy demand models are appropriate for capturing the specific features of developing countries. The study finds that two types of approaches, econometric and end-use accounting, are commonly used in the existing energy demand models. Although energy demand models have greatly evolved since the early seventies, key issues such as the poor-rich and urban-rural divides, traditional energy resources and differentiation between commercial and non-commercial energy commodities are often poorly reflected in these models. While the end-use energy accounting models with detailed sectoral representations produce more realistic projections as compared to the econometric models, they still suffer from huge data deficiencies especially in developing countries. Development and maintenance of more detailed energy databases, further development of models to better reflect developing country context and institutionalizing the modelling capacity in developing countries are the key requirements for energy demand modelling to deliver richer and more reliable input to policy formulation in developing countries.
format	Journal Article
author	Bhattacharyya, Subhes C. Timilsina, Govinda R.
author_facet	Bhattacharyya, Subhes C. Timilsina, Govinda R.
author_sort	Bhattacharyya, Subhes C.
title	Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
title_short	Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
title_full	Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
title_fullStr	Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
title_full_unstemmed	Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?
title_sort	modelling energy demand of developing countries: are the specific features adequately captured?
publishDate	2012
url	http://hdl.handle.net/10986/5419
_version_	1764394988957859840

Modelling Energy Demand of Developing Countries: Are the Specific Features Adequately Captured?

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