Modelling Household Energy Demand in South Korea: The Role of Energy Efficiency Programs

Suleiman Sa’ad
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Suleiman Sa’ad: Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey, UK.

Bulletin of Energy Economics (BEE), 2014, vol. 2, issue 1, 7-13

Abstract: This paper investigates the household energy demand function using data of South Korean economy. The structural time series model is applied for empirical analysis. Our results indicate that a rise in household income increases energy demand but energy prices lower it. This study opens up new directions policy makers to articulate a comprehensive policy for countrolling household energy demand in South Korea.

Keywords: Households; Energy; Korea (search for similar items in EconPapers)
JEL-codes: P28 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ijr:beejor:v:2:y:2014:i:1:p:7-13

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