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The Effects of Building Energy Codes in Rental Housing: The German Experience

Author

Listed:
  • Claus Michelsen

    () (Halle Institute for Economic Research)

  • Sebastian Rosenschon

    () (Halle Institute for Economic Research)

Abstract

This paper investigates the effect of building energy codes on housings' real energy consumption. We argue that building codes should have a twofold effect: lower levels of energy consumption after its implementation and decreasing energy requirements over time, because tighter building codes induce technical progress in the construction sector. We find evidence for both aspects. Based on a large and unique sample of energy certificates from Germany, this study is the first that deals with the empirical effects of energy efficiency standards in apartment/rental housing. Moreover, it is the first, which includes different stages of regulation.

Suggested Citation

  • 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.
  • Handle: RePEc:ebl:ecbull:eb-12-00790
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I4-P336.pdf
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    References listed on IDEAS

    as
    1. Piet Eichholtz & Nils Kok & John M. Quigley, 2010. "Doing Well by Doing Good? Green Office Buildings," American Economic Review, American Economic Association, vol. 100(5), pages 2492-2509, December.
    2. 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.
    3. Brounen, Dirk & Kok, Nils & Quigley, John M., 2012. "Residential energy use and conservation: Economics and demographics," European Economic Review, Elsevier, vol. 56(5), pages 931-945.
    4. Michelsen, Claus & Müller-Michelsen, S., 2010. "Energieeffizienz im Altbau: Werden die Sanierungspotenziale überschätzt? Ergebnisse auf Grundlage des ista-IWH-Energieeffizienzindex," Wirtschaft im Wandel, Halle Institute for Economic Research (IWH), vol. 16(9), pages 447-455.
    5. Iwaro, Joseph & Mwasha, Abraham, 2010. "A review of building energy regulation and policy for energy conservation in developing countries," Energy Policy, Elsevier, vol. 38(12), pages 7744-7755, December.
    6. Brounen, Dirk & Kok, Nils, 2011. "On the economics of energy labels in the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 166-179, September.
    7. Michelsen, Claus, 2009. "Energieeffiziente Wohnimmobilien stehen im Osten und Süden der Republik: Ergebnisse des ista-IWH-Energieeffizienzindex," Wirtschaft im Wandel, Halle Institute for Economic Research (IWH), vol. 15(9), pages 380-388.
    8. 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.
    9. DiPasquale, Denise, 1999. "Why Don't We Know More about Housing Supply?," The Journal of Real Estate Finance and Economics, Springer, vol. 18(1), pages 9-23, January.
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    Citations

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    Cited by:

    1. Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2014. "Regulation, Innovation and Technology Diffusion: Evidence from Building Energy Efficiency Standards in Germany," Discussion Papers of DIW Berlin 1371, DIW Berlin, German Institute for Economic Research.
    2. Michelsen, Claus & El-Shagi, Makram & Rosenschon, Sebastian, 2016. "The diffusion of "green'' buildings in the housing market: empirics on the long run effects of energy efficiency regulation," Annual Conference 2016 (Augsburg): Demographic Change 145534, Verein für Socialpolitik / German Economic Association.
    3. Marius Claudy and Claus Michelsen, 2016. "Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).

    More about this item

    Keywords

    building energy codes; residential space heating energy consumption; green buildings; rental housing;

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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