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KEEI연구보고서Working Paper 9702

Sensitivity of energy demand to economic growth

effect of bell-shaped income distribution

발행사항
Euiwang Korea Energy Economics Institute 1997
형태사항
18 p
총서사항
Working Paper 9702
소장정보
위치등록번호청구기호 / 출력상태반납예정일
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책 소개
This paper investigates on the relationship between energy demand and income growth. Our hypothesis is that the logistic energy demand and durable goods demand basically result from bell-shaped income distribution. Income growth does not proportionally or linearly affect nergy demand along the income growth path. This paper has developed a simple model in which income distribution plays a role in determining energy demand growth path. It shows that the same level of income growth has a different effect on energy demands. The sensitivity of energy demand depends on the level of avarage per capita income and the shape of income distribution. This paper also shows that if income variance is smaller, the faster the sensitivity reaches its peak and the diminishing speed of sensitivity is also fast.
목차
1. Introduction 2. Empirical Regularities 2.1 Long-Term Trends 2.2 Cross-Sectional Differences 3. The Model 3.1 Basic Assumptions 3.2 Relation between Energy demand and Durable Consumption Goods stock : Sensitivity of Energy Demand to Income Growth 3.3 Income Elasticity and Energy Demand Growth Pattern 4. A. Concluding Remark