Procedures and Program for the Econometric Analysis of a Group of Developed Market Economy Countries

Tsvetanov, P. & Schweeger, B. (1976). Procedures and Program for the Econometric Analysis of a Group of Developed Market Economy Countries. IIASA Research Memorandum. IIASA, Laxenburg, Austria: RM-76-012

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Abstract

The econometric analysis of energy demand of a group of developed market economy countries is part of a series of international econometric analysis studies now underway in the Energy Project at IIASA. Detailed results of this study were presented by Professor Nordhaus at the "Workshop on Energy Demand" held May 22-23, 1975.

The goal of this paper is to complete the presentation of the study and deal with the set of variables, the size of the time-series samples, procedures of data-transformation for the analysis of individual countries, pooling of data for an overall analysis and the main characteristics of the computer program used. We think that these procedures and the program described also could be useful for other econometric applications at IIASA.

A brief discussion of the scope, problems and status of international energy demand analysis at IIASA is included in the Annex.

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