The added value from a general equilibrium analysis of increased efficiency in household energy use
Lecca, Patrizio and McGregor, Peter G. and Swales, J. Kim and Turner, Karen (2014) The added value from a general equilibrium analysis of increased efficiency in household energy use. Ecological Economics, 100. pp. 51-62. ISSN 0921-8009 (https://doi.org/10.1016/j.ecolecon.2014.01.008)
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Abstract
This paper investigates the economic impact of a 5% improvement in the UK household energy efficiency, focussing specifically on total energy rebound effects. The impact is measured through simulations using models that have increasing degrees of endogeneity but are calibrated on a common data set, moving from a basic partial equilibrium approach to a fully specified general equilibrium treatment. The size of the rebound effect is shown to depend on changes in household income, aggregate economic activity and relative prices that can only be captured through a general equilibrium model.
ORCID iDs
Lecca, Patrizio, McGregor, Peter G. ORCID: https://orcid.org/0000-0003-1221-7963, Swales, J. Kim and Turner, Karen;-
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Item type: Article ID code: 46995 Dates: DateEvent1 April 2014Published18 February 2014Published Online12 January 2014AcceptedSubjects: Social Sciences > Communities. Classes. Races > Regional economics. Space in economics Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 28 Feb 2014 11:16 Last modified: 29 Sep 2024 06:35 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/46995