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The Diffusion of Energy Efficiency in Building

Author

Listed:
  • Nils Kok
  • Marquise McGraw
  • John M. Quigley

Abstract

We analyze the diffusion of buildings certified for energy efficiency across US property markets. Using a panel of 48 metropolitan areas (MSAs) observed over the last 15 years, we model the geographic patterns and dynamics of building certification, relating industry composition, changes in economic conditions, characteristics of the local commercial property market, and the presence of human capital, to the cross-sectional variation in energy-efficient building technologies and the diffusion of those technologies over time. Understanding the determinants and the rate at which energy-efficient building practices diffuse is important for designing policies to affect resource consumption in the built environment.

Suggested Citation

  • Nils Kok & Marquise McGraw & John M. Quigley, 2011. "The Diffusion of Energy Efficiency in Building," American Economic Review, American Economic Association, vol. 101(3), pages 77-82, May.
  • Handle: RePEc:aea:aecrev:v:101:y:2011:i:3:p:77-82
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/aer.101.3.77
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    References listed on IDEAS

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    1. Adam B. Jaffe & Karen Palmer, 1997. "Environmental Regulation And Innovation: A Panel Data Study," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 610-619, November.
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    Cited by:

    1. Matthew E. Kahn & Nils Kok & John M. Quigley, 2013. "Commercial Building Electricity Consumption Dynamics: The Role of Structure Quality, Human Capital, and Contract Incentives," NBER Working Papers 18781, National Bureau of Economic Research, Inc.
    2. Deng, Yongheng & Li, Zhiliang & Quigley, John M., 2012. "Economic returns to energy-efficient investments in the housing market: Evidence from Singapore," Regional Science and Urban Economics, Elsevier, vol. 42(3), pages 506-515.
    3. Peterman, Andrew & Kourula, Arno & Levitt, Raymond, 2014. "Balancing act: Government roles in an energy conservation network," Research Policy, Elsevier, vol. 43(6), pages 1067-1082.
    4. Daniel C. Matisoff & Douglas S. Noonan & Mallory E. Flowers, 2016. "Policy Monitor—Green Buildings: Economics and Policies," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 329-346.
    5. Kahn, Matthew E. & Kok, Nils, 2014. "The capitalization of green labels in the California housing market," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 25-34.
    6. Franz Fuerst & Constantine Kontokosta & Pat McAllister, 2011. "Taking the LEED? Analyzing Spatial Variations in Market Penetration Rates of Eco-Labeled Properties," Real Estate & Planning Working Papers rep-wp2011-01, Henley Business School, Reading University.
    7. Alberto Gago & Michael Hanemann & Xavier Labandeira & Ana Ramos, 2013. "Climate change, buildings and energy prices," Chapters,in: Handbook on Energy and Climate Change, chapter 19, pages 434-452 Edward Elgar Publishing.
    8. Zhongmin Wang & Cheng Xu, 2016. "Using Donations to the Green Party to Measure Community Environmentalism," Economics Bulletin, AccessEcon, vol. 36(3), pages 1784-1790.
    9. Li, Jianhua & Cao, Wanlin & Chen, Guoxin, 2015. "The heat transfer coefficient of new construction – Brick masonry with fly ash blocks," Energy, Elsevier, vol. 86(C), pages 240-246.
    10. He, Jia & Wu, Jing, 2016. "Doing well by doing good? The case of housing construction quality in China," Regional Science and Urban Economics, Elsevier, vol. 57(C), pages 46-53.
    11. Shaun A. Bond & Avis Devine, 2016. "Certification Matters: Is Green Talk Cheap Talk?," The Journal of Real Estate Finance and Economics, Springer, vol. 52(2), pages 117-140, February.
    12. Claus Michelsen & Sebastian Rosenschon, 2012. "The Effects of Building Energy Codes in Rental Housing: The German Experience," Economics Bulletin, AccessEcon, vol. 32(4), pages 3488-3502.
    13. Kahn, Matthew E. & Walsh, Randall, 2015. "Cities and the Environment," Handbook of Regional and Urban Economics, Elsevier.
    14. Glaeser, Edward L., 2014. "Understanding housing: The intellectual legacy of John Quigley," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 3-12.
    15. Balvís, Eduardo & Sampedro, Óscar & Zaragoza, Sonia & Paredes, Angel & Michinel, Humberto, 2016. "A simple model for automatic analysis and diagnosis of environmental thermal comfort in energy efficient buildings," Applied Energy, Elsevier, vol. 177(C), pages 60-70.
    16. Eichholtz, Piet & Kok, Nils & Yonder, Erkan, 2012. "Portfolio greenness and the financial performance of REITs," Journal of International Money and Finance, Elsevier, vol. 31(7), pages 1911-1929.
    17. Fuerst, Franz & McAllister, Pat, 2011. "Eco-labeling in commercial office markets: Do LEED and Energy Star offices obtain multiple premiums?," Ecological Economics, Elsevier, vol. 70(6), pages 1220-1230, April.
    18. Yueming Qiu, 2014. "Energy Efficiency and Rebound Effects: An Econometric Analysis of Energy Demand in the Commercial Building Sector," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 295-335, October.
    19. Shaun A. Bond & Avis Devine, 2016. "Incentivizing Green Single-Family Construction: Identifying Effective Government Policies and Their Features," The Journal of Real Estate Finance and Economics, Springer, vol. 52(4), pages 383-407, May.
    20. Fuerst, Franz & Gabrieli, Tommaso & McAllister, Patrick, 2017. "A green winner's curse? Investor behavior in the market for eco-certified office buildings," Economic Modelling, Elsevier, vol. 61(C), pages 137-146.
    21. Simcoe, Timothy & Toffel, Michael W., 2014. "Government green procurement spillovers: Evidence from municipal building policies in California," Journal of Environmental Economics and Management, Elsevier, vol. 68(3), pages 411-434.
    22. Bonilla, Jorge & Coria, Jessica & Mohlin, Kristina & Sterner, Thomas, 2015. "Refunded emission payments and diffusion of NOx abatement technologies in Sweden," Ecological Economics, Elsevier, vol. 116(C), pages 132-145.
    23. Kok, Nils & Jennen, Maarten, 2012. "The impact of energy labels and accessibility on office rents," Energy Policy, Elsevier, vol. 46(C), pages 489-497.
    24. Deng, Yongheng & Wu, Jing, 2014. "Economic returns to residential green building investment: The developers' perspective," Regional Science and Urban Economics, Elsevier, vol. 47(C), pages 35-44.
    25. Spenser J. Robinson & Andrew R. Sanderford, 2016. "Green Buildings: Similar to Other Premium Buildings?," The Journal of Real Estate Finance and Economics, Springer, vol. 52(2), pages 99-116, February.

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