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

Author

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  • Suleiman Sa’ad

    (Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey, UK.)

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.

Suggested Citation

  • Suleiman Sa’ad, 2014. "Modelling Household Energy Demand in South Korea: The Role of Energy Efficiency Programs," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 2(1), pages 7-13, March.
  • Handle: RePEc:ijr:beejor:v:2:y:2014:i:1:p:7-13
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    More about this item

    Keywords

    Households; Energy; Korea;
    All these keywords.

    JEL classification:

    • P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment

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