An Analysis on Energy Consumption Behavior of Rural Household in Kyungpook Province, Korea

Title
An Analysis on Energy Consumption Behavior of Rural Household in Kyungpook Province, Korea
Author(s)
이상호김충실[김충실]강혜정[강혜정]박수영[박수영]ATSUO TAKEI[ATSUO TAKEI]
Keywords
farm household; energy; elasticity; LA-AIDS model
Issue Date
201303
Publisher
한국농업경제학회
Citation
농업경제연구, v.54, no.1, pp.55 - 71
Abstract
The purpose of this paper is to analyze energy consumption behavior of farm households against climate change in Kyungpook Province, Korea. This paper estimates price and income elasticities of demand for three main fuels(LNG, propane gas, kerosene) by using the linear approximate Almost Ideal Demand System (LA-AIDS). The major findings of this study are summarized as follows. First, the results indicate that the determinants affecting consumption of LNG, propane gas, kerosene are LNG price, propane gas price, kerosene price and X/P(total expenditure/price index). Second, all compensated (Hicksian) own-price elasticities are negative and price inelastic. This result indicating that mail fuels are necessity in rural household. And all uncompensated (Marshallian) own-price elasticities are negative. Propane gas is price elastic while LNG and kerosene are price inelastic. For some cross-price elasticities, while Hicksian estimates are positive, Marshallian estimates are negative. Third, income elasticities of demand for the three fuels are positive. It means that these fuels are normal goods.
URI
http://hdl.handle.net/YU.REPOSITORY/26187
ISSN
0549-6047
Appears in Collections:
자연자원대학 > 식품자원경제학과 > Articles
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML


qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

BROWSE