Adetutu, M.O., Glass, A.J. orcid.org/0000-0002-5984-7666 and Weyman-Jones, T.G. (2016) Economy-wide Estimates of Rebound Effects: Evidence from Panel Data. The Energy Journal, 37 (3). pp. 251-269. ISSN 0195-6574
Abstract
Energy consumption and greenhouse emissions across many countries have increased over time despite widespread energy efficiency improvements. One explanation offered in the literature is the rebound effect (RE), however there is a debate about its magnitude and the appropriate model for estimating it. Using a combined stochastic frontier analysis (SFA) and two-stage dynamic panel data approach, we explore these two issues of magnitude and model for 55 countries over the period 1980 to 2010. Our central estimates indicate that in the short-run, 100% energy efficiency improvement is followed by 90% rebound in energy consumption, but in the long-run it leads to a 136% decrease in energy consumption. Overall, our estimated cross-country RE magnitudes indicate the need to consider or account for RE when energy forecasts and policy measures are derived from potential energy efficiency savings.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2016 by the IAEE. This is an author-produced version of a paper subsequently published in Energy Journal. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Energy Efficiency; Input Distance Function; Panel Data; Rebound Effects; Stochastic Frontier Analysis |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 23 Apr 2020 12:37 |
Last Modified: | 23 Apr 2020 12:37 |
Status: | Published |
Publisher: | International Association for Energy Economics (IAEE) |
Refereed: | Yes |
Identification Number: | 10.5547/01956574.37.3.made |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:159791 |