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ANALYSIS OF ENERGY REBOUND EFFECT BY PANEL DATA METHOD

Year 2019, Volume: 15 Issue: 1, 1 - 13, 01.01.2019
https://doi.org/10.17130/ijmeb.2019149855

Abstract

The rebound effect is that the economic gains resulting from the decline in energy prices depending on the increased energy efficiency lead to more energy consumption. In this study, it is aimed to show whether energy efficiency on energy consumption has a rebound effect. In this direction, the panel cointegration method has been used in the period of 2000-2015 for selected European countries and Turkey. The result of this study shows that the increase in energy efficiency leads to a decrease in energy consumption. Therefore, the energy rebound effect is not valid for the countries and period covered

References

  • Adetutu, M., Glass, A., & Weyman-Jones, T. (2015). Economy-wide estimates of rebound effects: Evidence from panel data. MPRA Paper No. 65409.
  • Akıncı, M., Sevinç, H., & Yılmaz, Ö. (2018). Jevons paradoksu: Enerji etkinliği ve rebound etkisi üzerine ekonometrik bir analiz. Fiscaoeconomia, 2(1), 77-98.
  • Belaïd, F., Bakaloglou, S., & Roubaud, D. (2018). Direct rebound effect of residential gas demand: Empirical evidence from France. Energy Policy, 115, 23-31.
  • Broberg, T., Berg, C., & Samakovlis, E. (2015). The economy-wide rebound effect from improved energy efficiency in Swedish industries e a general equilibrium analysis. Energy Policy, 83, 26-37.
  • Brookes, L. (1978). Energy policy, the energy price fallacy and the role of nuclear energy in the UK. Energy Policy, 6, 94-106.
  • Chakravarty, D., Dasgupta, S., & Roy, J. (2013). Rebound effect: How much to worry?. Current Opinion in Environmental Sustainability, 5, 216-228.
  • Doğan, H. & Yılankırkan, N. (2015). Türkiye’nin enerji verimliliği potansiyeli ve projeksiyonu. Gazi Universitesi Fen Bilimleri Dergisi, Part:C, 3(1):375-383.
  • Gavankar, S., & Geyer, R. (2010). The rebound effect: state of the debate and implications for energy efficiency research. CA, US: Bren School of Environmental Science and Management, University of California.
  • Gillingham, K., Rapson, D., & Wagner, G. (2015). The rebound effect and energy efficiency policy, FEEM Working Paper No. 107.
  • González, J. F. ( 2010). Empirical evidence of direct rebound effect in Catalonia. Energy Policy, 38(5), 2309-2314.
  • González, J. F. ( 2017). Evidence of direct and indirect rebound effect in households in EU-27 countries. Energy Policy, 102, 270-276.
  • Greening, L., Greene, D. L., & Difiglio, C. (2000). Energy efficiency and consumption-the rebound effect-a survey. Energy Policy, 28, 389-401.
  • Güven, S. & Mert, M. (2016). Uluslararası turizm talebinin eşbütünleşme analizi: Antalya için panel ARDL yaklaşımı. C.Ü. İktisadi ve İdari Bilimler Dergisi, 17( 1), 133-152.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53-74.
  • Jägerbrand, A. K., Dickinson, J., Mellin, A., Viklund, M., & Dahlberg, S.(2014). Rebound effects of energy efficiency measures in the transport sector in Sweden. Swedish National Road and Transport Research Institute (VTI) SE-581 95 Linköping Sweden.
  • Jevons, W. S. (1865). The coal question; an ınquiry concerning the progress of the nation, and the probable exhaustion of our coal-mines. London: Macmillan and Co., 1866. 2nd edition.
  • Jin, S. H. (2007). The effectiveness of energy efficiency improvement in a developing country: Rebound effect of residential electricity use in South Korea. Energy Policy, 35(11), 5622-5629.
  • Kao, C. & Chiang, M. H. (2000). On the estimation and inference of a cointegrated regression in panel data. Advances in Econometrics, 15, 179-222.
  • Khazzoom, J. D. (1980). Economic implications of mandated efficiency in standards for household appliances. The Energy Journal, 1, 21-39.
  • Koesler, S., Swales, K., & Turner, K. (2014). Beyond national economy-wide rebound effects, international association for energy economics. Discussion Paper, no. 14-025.
  • Koesler, S., Swales, K., & Turner, K. (2016). International spillover and rebound effects from increased energy efficiency in Germany. Energy Economics, 54, 444-452.
  • Llorca, M., & Jamasb, T. (2016). Energy efficiency and rebound effect in european road freight transport. EPRG Working Paper 1622.
  • Lu, Y., Liu, Y., & Zhou, M. (2017). Rebound effect of improved energy efficiency for different energy types: A general equilibrium analysis for China. Energy Economics, 62, 248-256.
  • Maddala, G. S. & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61 (1), 631-652.
  • Madlener, R. & Alcott, B. (2009). Energy rebound and economic growth: A review of the main issues and research needs. Energy, 34, 370-376.
  • Menon, B. G. (2017). Empirical evidence of direct rebound effect in Indian two-wheeler sector. Energy Efficiency, 10, 1201–1213.
  • Michaels, R. J. (2012). Energy efficiency & climate policy:The rebound dilemma. USA, Washington D.C.: Institute for Energy Research.
  • Orea, L., Llorca, M., & Filippini, M. (2015). A new approach to measuring the rebound effect associated to energy efficiency improvements: An application to the US residential energy demand. Energy Economics, 49, 599–609.
  • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61(1), 653-670.
  • Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(3), 597-625.
  • Ryan, L., Turner, K., & Campbell, N. (2017). Energy efficiency and economy-wide rebound: Realising a net gain to society. UCD Centre For Economic Research Working Paper Series, WP17/26.
  • Saunders, H. D. (1992). The Khazzoom-Brookes postulate and neoclassical growth. The Energy Journal,13 (4), 131-148.
  • Sorrell, S. (2007). The rebound effect: An assessment of the evidence for economy-wide energy savings from improved energy efficiency. UK Energy Research Centre.
  • Sorrell, S. (2009). Jevons paradox revisited: The evidence for backfire from improved energy efficiency, Energy Policy, 37, 1456-1469.
  • Sorrell, S., Dimitropoulos J., & Sommerville, M. (2009). Empirical estimates of the direct rebound effect: A review. Energy Policy, 37 , 1356–1371.
  • Topallı, N. & Buluş, A. (2016). The eebound effect: Empirical evidence from Turkey. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 16(1), 29-38.
  • Utfall Danielsson, C. V. (2009). The rebound effect: Theory, evidence and implications for energy policy. Bachelor’s Thesis, Lunds Universitet.
  • Van den Bergh, J. C. J. M. (2011). Energy conservation more effective with rebound policy. Environ Resource Econ, 48, 43–58.
  • Wang, Z., Lu, M., & Wang, J. C. (2014). Direct rebound effect on urban residential electricity use: An empirical study in China. Renewable and Sustainable Energy Reviews, 30, 124-132.
  • Wang, Q., Gao, Z., Tang, H., Yuan, X., & Zuo, J. (2018). Exploring the direct rebound effect of energy consumption: A case study. Sustainability, 10( 259), 1-21.
  • Wu, K. Y., Wu, J. H., Huang, Y. H., Fu, S. C., & Chen, C. Y. (2016). Estimating direct and indirect rebound effects by supply-driven input output model: A case study of Taiwan’s industry. Energy, 115, 904-913.
  • Zhang, J. & Lin Lawell, C. Y. C. (2017). The macroeconomic rebound effect in China. Energy Economics, 67, 202-212.
  • Zhang, Y. J. & Peng, H. R. (2016). Measuring the direct rebound effect of China’s residential electricity consumption. Energy Procedia, 104, 305-310.
  • Zhang, Y. J., Liua, Z., Qina, C. X., & Tan, T. D. (2017). The direct and indirect CO2 rebound effect for private cars in China. Energy Policy, 100, 149-161.

ENERJİ REBOUND ETKİSİNİN PANEL VERİ YÖNTEMİ İLE ANALİZİ

Year 2019, Volume: 15 Issue: 1, 1 - 13, 01.01.2019
https://doi.org/10.17130/ijmeb.2019149855

Abstract

Rebound etkisi, artan enerji verimliliğine bağlı olarak, enerji fiyatlarındaki düşüşle ortaya çıkan iktisadi kazançların daha fazla enerji tüketimine yol açmasıdır. Bu çalışmada enerji verimliliğinin enerji tüketimi üzerindeki etkisinin rebound etkisine yol açıp açmadığının ortaya konulması amaçlanmıştır. Bu doğrultuda seçilmiş Avrupa ülkeleri ve Türkiye için 2000-2015 dönemi itibariyle panel eş-bütünleşme yöntemi kullanılmıştır. Çalışma sonucu, enerji verimliliğindeki artışın enerji tüketiminde azalmaya yol açtığını göstermiştir. Dolayısıyla ele alınan ülkeler ve dönem itibariyle enerji rebound etkisi geçerli değildir.

References

  • Adetutu, M., Glass, A., & Weyman-Jones, T. (2015). Economy-wide estimates of rebound effects: Evidence from panel data. MPRA Paper No. 65409.
  • Akıncı, M., Sevinç, H., & Yılmaz, Ö. (2018). Jevons paradoksu: Enerji etkinliği ve rebound etkisi üzerine ekonometrik bir analiz. Fiscaoeconomia, 2(1), 77-98.
  • Belaïd, F., Bakaloglou, S., & Roubaud, D. (2018). Direct rebound effect of residential gas demand: Empirical evidence from France. Energy Policy, 115, 23-31.
  • Broberg, T., Berg, C., & Samakovlis, E. (2015). The economy-wide rebound effect from improved energy efficiency in Swedish industries e a general equilibrium analysis. Energy Policy, 83, 26-37.
  • Brookes, L. (1978). Energy policy, the energy price fallacy and the role of nuclear energy in the UK. Energy Policy, 6, 94-106.
  • Chakravarty, D., Dasgupta, S., & Roy, J. (2013). Rebound effect: How much to worry?. Current Opinion in Environmental Sustainability, 5, 216-228.
  • Doğan, H. & Yılankırkan, N. (2015). Türkiye’nin enerji verimliliği potansiyeli ve projeksiyonu. Gazi Universitesi Fen Bilimleri Dergisi, Part:C, 3(1):375-383.
  • Gavankar, S., & Geyer, R. (2010). The rebound effect: state of the debate and implications for energy efficiency research. CA, US: Bren School of Environmental Science and Management, University of California.
  • Gillingham, K., Rapson, D., & Wagner, G. (2015). The rebound effect and energy efficiency policy, FEEM Working Paper No. 107.
  • González, J. F. ( 2010). Empirical evidence of direct rebound effect in Catalonia. Energy Policy, 38(5), 2309-2314.
  • González, J. F. ( 2017). Evidence of direct and indirect rebound effect in households in EU-27 countries. Energy Policy, 102, 270-276.
  • Greening, L., Greene, D. L., & Difiglio, C. (2000). Energy efficiency and consumption-the rebound effect-a survey. Energy Policy, 28, 389-401.
  • Güven, S. & Mert, M. (2016). Uluslararası turizm talebinin eşbütünleşme analizi: Antalya için panel ARDL yaklaşımı. C.Ü. İktisadi ve İdari Bilimler Dergisi, 17( 1), 133-152.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53-74.
  • Jägerbrand, A. K., Dickinson, J., Mellin, A., Viklund, M., & Dahlberg, S.(2014). Rebound effects of energy efficiency measures in the transport sector in Sweden. Swedish National Road and Transport Research Institute (VTI) SE-581 95 Linköping Sweden.
  • Jevons, W. S. (1865). The coal question; an ınquiry concerning the progress of the nation, and the probable exhaustion of our coal-mines. London: Macmillan and Co., 1866. 2nd edition.
  • Jin, S. H. (2007). The effectiveness of energy efficiency improvement in a developing country: Rebound effect of residential electricity use in South Korea. Energy Policy, 35(11), 5622-5629.
  • Kao, C. & Chiang, M. H. (2000). On the estimation and inference of a cointegrated regression in panel data. Advances in Econometrics, 15, 179-222.
  • Khazzoom, J. D. (1980). Economic implications of mandated efficiency in standards for household appliances. The Energy Journal, 1, 21-39.
  • Koesler, S., Swales, K., & Turner, K. (2014). Beyond national economy-wide rebound effects, international association for energy economics. Discussion Paper, no. 14-025.
  • Koesler, S., Swales, K., & Turner, K. (2016). International spillover and rebound effects from increased energy efficiency in Germany. Energy Economics, 54, 444-452.
  • Llorca, M., & Jamasb, T. (2016). Energy efficiency and rebound effect in european road freight transport. EPRG Working Paper 1622.
  • Lu, Y., Liu, Y., & Zhou, M. (2017). Rebound effect of improved energy efficiency for different energy types: A general equilibrium analysis for China. Energy Economics, 62, 248-256.
  • Maddala, G. S. & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61 (1), 631-652.
  • Madlener, R. & Alcott, B. (2009). Energy rebound and economic growth: A review of the main issues and research needs. Energy, 34, 370-376.
  • Menon, B. G. (2017). Empirical evidence of direct rebound effect in Indian two-wheeler sector. Energy Efficiency, 10, 1201–1213.
  • Michaels, R. J. (2012). Energy efficiency & climate policy:The rebound dilemma. USA, Washington D.C.: Institute for Energy Research.
  • Orea, L., Llorca, M., & Filippini, M. (2015). A new approach to measuring the rebound effect associated to energy efficiency improvements: An application to the US residential energy demand. Energy Economics, 49, 599–609.
  • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61(1), 653-670.
  • Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(3), 597-625.
  • Ryan, L., Turner, K., & Campbell, N. (2017). Energy efficiency and economy-wide rebound: Realising a net gain to society. UCD Centre For Economic Research Working Paper Series, WP17/26.
  • Saunders, H. D. (1992). The Khazzoom-Brookes postulate and neoclassical growth. The Energy Journal,13 (4), 131-148.
  • Sorrell, S. (2007). The rebound effect: An assessment of the evidence for economy-wide energy savings from improved energy efficiency. UK Energy Research Centre.
  • Sorrell, S. (2009). Jevons paradox revisited: The evidence for backfire from improved energy efficiency, Energy Policy, 37, 1456-1469.
  • Sorrell, S., Dimitropoulos J., & Sommerville, M. (2009). Empirical estimates of the direct rebound effect: A review. Energy Policy, 37 , 1356–1371.
  • Topallı, N. & Buluş, A. (2016). The eebound effect: Empirical evidence from Turkey. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 16(1), 29-38.
  • Utfall Danielsson, C. V. (2009). The rebound effect: Theory, evidence and implications for energy policy. Bachelor’s Thesis, Lunds Universitet.
  • Van den Bergh, J. C. J. M. (2011). Energy conservation more effective with rebound policy. Environ Resource Econ, 48, 43–58.
  • Wang, Z., Lu, M., & Wang, J. C. (2014). Direct rebound effect on urban residential electricity use: An empirical study in China. Renewable and Sustainable Energy Reviews, 30, 124-132.
  • Wang, Q., Gao, Z., Tang, H., Yuan, X., & Zuo, J. (2018). Exploring the direct rebound effect of energy consumption: A case study. Sustainability, 10( 259), 1-21.
  • Wu, K. Y., Wu, J. H., Huang, Y. H., Fu, S. C., & Chen, C. Y. (2016). Estimating direct and indirect rebound effects by supply-driven input output model: A case study of Taiwan’s industry. Energy, 115, 904-913.
  • Zhang, J. & Lin Lawell, C. Y. C. (2017). The macroeconomic rebound effect in China. Energy Economics, 67, 202-212.
  • Zhang, Y. J. & Peng, H. R. (2016). Measuring the direct rebound effect of China’s residential electricity consumption. Energy Procedia, 104, 305-310.
  • Zhang, Y. J., Liua, Z., Qina, C. X., & Tan, T. D. (2017). The direct and indirect CO2 rebound effect for private cars in China. Energy Policy, 100, 149-161.
There are 44 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Zerrin Kılıçarslan This is me

Yasemin Dumrul This is me

Publication Date January 1, 2019
Published in Issue Year 2019 Volume: 15 Issue: 1

Cite

APA Kılıçarslan, Z., & Dumrul, Y. (2019). ENERJİ REBOUND ETKİSİNİN PANEL VERİ YÖNTEMİ İLE ANALİZİ. Uluslararası Yönetim İktisat Ve İşletme Dergisi, 15(1), 1-13. https://doi.org/10.17130/ijmeb.2019149855