The added value from a general equilibrium analysis of increased efficiency in household energy use

Patrizio Lecca; Peter G. McGregor; J. Kim Swales; Karen Turner

doi:10.1016/j.ecolecon.2014.01.008

The added value from a general equilibrium analysis of increased efficiency in household energy use

Patrizio Lecca, Peter G. McGregor, J. Kim Swales, Karen Turner

Research output: Contribution to journal › Article › peer-review

55 Citations (Scopus)

160 Downloads (Pure)

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.

Original language	English
Pages (from-to)	51-62
Number of pages	12
Journal	Ecological Economics
Volume	100
Early online date	18 Feb 2014
DOIs	https://doi.org/10.1016/j.ecolecon.2014.01.008
Publication status	Published - 1 Apr 2014

Keywords

energy efficiency
indirect rebound effects
household energy consumption
CGE models

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.ecolecon.2014.01.008

Lecca-etal-EE2014-the-added-value-from-a-general-equilibrium-analysisAccepted author manuscript, 1.04 MBLicence: CC BY-NC-ND 4.0

Cite this

@article{39cb73610d324e658128adb49e61b57d,

title = "The added value from a general equilibrium analysis of increased efficiency in household energy use",

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.",

keywords = "energy efficiency, indirect rebound effects, household energy consumption, CGE models",

author = "Patrizio Lecca and McGregor, {Peter G.} and Swales, {J. Kim} and Karen Turner",

year = "2014",

month = apr,

day = "1",

doi = "10.1016/j.ecolecon.2014.01.008",

language = "English",

volume = "100",

pages = "51--62",

journal = "Ecological Economics",

issn = "0921-8009",

}

TY - JOUR

T1 - The added value from a general equilibrium analysis of increased efficiency in household energy use

AU - Lecca, Patrizio

AU - McGregor, Peter G.

AU - Swales, J. Kim

AU - Turner, Karen

PY - 2014/4/1

Y1 - 2014/4/1

N2 - 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.

AB - 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.

KW - energy efficiency

KW - indirect rebound effects

KW - household energy consumption

KW - CGE models

UR - https://www.sciencedirect.com/journal/ecological-economics

U2 - 10.1016/j.ecolecon.2014.01.008

DO - 10.1016/j.ecolecon.2014.01.008

M3 - Article

SN - 0921-8009

VL - 100

SP - 51

EP - 62

JO - Ecological Economics

JF - Ecological Economics

ER -

The added value from a general equilibrium analysis of increased efficiency in household energy use

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Karen Turner

Centre of Expertise on Climate Change

Cite this

The added value from a general equilibrium analysis of increased efficiency in household energy use

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Profiles

Karen Turner

Projects

Centre of Expertise on Climate Change

Cite this