Premium
Modelling Household Energy Consumption Using ABS Survey Data
Author(s) -
Cao Kay,
Mathews Rosalynn,
Wang Summer
Publication year - 2015
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12093
Subject(s) - survey data collection , energy consumption , consumption (sociology) , economics , price elasticity of demand , household income , income elasticity of demand , elasticity (physics) , econometrics , agricultural economics , energy demand , demographic economics , microeconomics , environmental economics , statistics , engineering , mathematics , civil engineering , physics , social science , electrical engineering , sociology , thermodynamics
This study develops a model of household energy consumption using data from the ABS 2012 Household Energy Consumption Survey . Using a reduced‐form equation approach, household energy consumption is found to be influenced by income, energy price, location and other household and dwelling characteristics. The price elasticity of household energy demand is found to be inelastic. Treating household insulation as endogenous rejects the rebound effect hypothesis. The paper also suggests further research directions when additional survey data become available.