Determinants of Electricity Demand in Libya.)
Determinants of Electricity Demand in Libya.)
1- Research Questions
The key research questions posed include the following:
? How and in what magnitude do price, income, population, appliance imports, and temperature affect the demand for electricity?
? How can we improve the accuracy of the said demand function in tracking realized demand?
? How do we compare the tracking ability of the said demand function for electricity in Libya vis-?-vis other models that purport to track the consumption of electricity in Libya?
? Does an empirical or econometric model of demand for electricity perform a better job in tracking electricity consumption in Libya?
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