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Full-Text Articles in Social and Behavioral Sciences
Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía
Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía
Departmental Papers (E & F)
This study examines how residential electricity consumption (KWHC) reacts to changes in the price of electricity, the price of natural gas, real income per capita, heating degree days, and cooling degree days. Annual frequency data analyzed are for Las Cruces, the second largest metropolitan economy in New Mexico. The sample period is 1977 to 2016. An Autoregressive-Distributed Lag model (ARDL) is employed to obtain long-run and short-run elasticities. In the long-run, residential consumption does not respond in a statistically reliable manner to any of the explanatory variables. All of the coefficient signs are as expected and those for real per …
Nominal Exchange Rate Dynamics For The Taka, Thomas M. Fullerton Jr., Dipanwita Barai, Adam G. Walke
Nominal Exchange Rate Dynamics For The Taka, Thomas M. Fullerton Jr., Dipanwita Barai, Adam G. Walke
Departmental Papers (E & F)
Error correction modeling is used to model the nominal exchange rate for the Bangladeshi taka. Based on existing trade volumes and trade practices, the bilateral exchange rate of the taka with the dollar is analyzed. Annual frequency data are utilized for the study. The sample data cover the four decade period from 1976 to 2015. Results indicate that a balance of payments modeling approach performs more reliably than a monetary balances approach.