Forecasting energy demand through a dynamic input-output model

Abstract

This paper builds a dynamic input-output model able to forecast energy demand in Spain in different economic and legislative scenarios. Its main features are: (1) As an input-output model embedded in a social accounting matrix it takes into account the structure of the economy and the relations between sectors (industries) and institutions (households). (2) As an applied general equilibrium model it relates the system of prices and quantities. (3) As a dynamic model it considers the evolution of coefficients and energy multipliers.