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

Patrizio Lecca, Peter G. McGregor, John Swales () and Karen Turner

Ecological Economics, 2014, vol. 100, issue C, 51-62

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; Economy-wide rebound effects; Household energy consumption; CGE models (search for similar items in EconPapers)
JEL-codes: C68 D57 D58 Q41 Q43 Q48 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44)

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Working Paper: The added value from a general equilibrium analyses of increased efficiency in household energy use (2013)
Working Paper: The added value from a general equilibrium analyses of increased efficiency in household energy use (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:100:y:2014:i:c:p:51-62

DOI: 10.1016/j.ecolecon.2014.01.008

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