Household energy consumption versus income and relative standard of living: A panel approach
Our fundamental premise is that energy consumption at the household level is a key indicator of standard of living. We employ state-of-the-art panel cointegration techniques to evaluate the nature of the relationship between income measures and energy consumption measures for seven East Indian Ocean...
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Veröffentlicht in: | Energy policy 2007, Vol.35 (1), p.50-60 |
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creator | Joyeux, Roselyne Ripple, Ronald D. |
description | Our fundamental premise is that energy consumption at the household level is a key indicator of standard of living. We employ state-of-the-art panel cointegration techniques to evaluate the nature of the relationship between income measures and energy consumption measures for seven East Indian Ocean countries. The general finding is that income and household electricity consumption are not cointegrated. Given this finding, we conclude that standard of living measures that rely on income measures and do not include household-level energy consumption information will necessarily miss important indications of both levels and changes of standard of living. |
doi_str_mv | 10.1016/j.enpol.2005.10.012 |
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Given this finding, we conclude that standard of living measures that rely on income measures and do not include household-level energy consumption information will necessarily miss important indications of both levels and changes of standard of living.</description><identifier>ISSN: 0301-4215</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2005.10.012</identifier><identifier>CODEN: ENPYAC</identifier><language>eng</language><publisher>Oxford: Elsevier Ltd</publisher><subject>Applied sciences ; Asia ; Correlation analysis ; Economic data ; Economic theory ; Energy ; Energy consumption ; Energy economics ; Exact sciences and technology ; General, economic and professional studies ; Household energy consumption ; Household income ; Households ; Income ; Manycountries ; Methodology. 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We employ state-of-the-art panel cointegration techniques to evaluate the nature of the relationship between income measures and energy consumption measures for seven East Indian Ocean countries. The general finding is that income and household electricity consumption are not cointegrated. Given this finding, we conclude that standard of living measures that rely on income measures and do not include household-level energy consumption information will necessarily miss important indications of both levels and changes of standard of living.</description><subject>Applied sciences</subject><subject>Asia</subject><subject>Correlation analysis</subject><subject>Economic data</subject><subject>Economic theory</subject><subject>Energy</subject><subject>Energy consumption</subject><subject>Energy economics</subject><subject>Exact sciences and technology</subject><subject>General, economic and professional studies</subject><subject>Household energy consumption</subject><subject>Household income</subject><subject>Households</subject><subject>Income</subject><subject>Manycountries</subject><subject>Methodology. 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source | RePEc; PAIS Index; Elsevier ScienceDirect Journals |
subjects | Applied sciences Asia Correlation analysis Economic data Economic theory Energy Energy consumption Energy economics Exact sciences and technology General, economic and professional studies Household energy consumption Household income Households Income Manycountries Methodology. Modelling Panel cointegration Panel data Standard of living Studies |
title | Household energy consumption versus income and relative standard of living: A panel approach |
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