Estimated short run and long run expenditure elasticities of 0.38 and 1.57, respectively. Estimated short run and long run price elasticities of ‐0.09 and ‐0.38, respectively. Estimated UEDT has increasing (i.e. energy using) and decreasing (i.e. energy saving) periods. Predicted Turkish residential electricity demand between 48 and 80TWh in 2020.
