Estimating the Elasticity of Energy Over Consumption at Micro Level: A Case Study in Sabah, Malaysia
| Autor: | Kwang Jing Yii, Vivin Vincent Chandran, Caroline Geetha |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Price elasticity of demand
business.industry 020209 energy 05 social sciences Price elasticity of supply Subsidy 02 engineering and technology Agricultural economics Diesel fuel 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics Electricity 050207 economics Gasoline Elasticity (economics) business Necessity good |
| Zdroj: | Energy Procedia. 105:3571-3576 |
| ISSN: | 1876-6102 |
| Popis: | This study aims to estimate the over consumption and essential elasticity for energy (petrol, diesel, electricity and LPG) at micro level using LA-AIDS model after the implementation of managed floating mechanism. The findings show that low income group possesses the highest cost of over consumption for electricity. Besides, the own price elasticity indicates that petrol and diesel are price elastic for low income group while households are not responsive towards price changes for electricity and LPG. Lastly, households treat both petrol and LPG as luxury goods while diesel and electricity are necessity goods for low income group based on the integrated expenditure elasticity. Thus, measures should be taken to develop the subsidy rationalization for electricity and LPG in the future. |
| Databáze: | OpenAIRE |
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