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DOI | 10.1016/j.enpol.2017.03.066 |
Industrial and residential electricity demand dynamics in Japan: How did price and income elasticities evolve from 1989 to 2014? | |
Wang, Nan; Mogi, Gento | |
2017-07-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 106 |
文章类型 | Article |
语种 | 英语 |
国家 | Japan |
英文摘要 | This study estimates the price and income elasticities of industrial and residential electricity demand in Japan with the annual data from 1989 to 2014. A time varying parameter (TVP) model with the Kalman filter is applied to monitor the evolution of consumer behaviors in the "post-bubble" period given the exogenous shock (financial crisis in 2008) and the structural breaks (electricity deregulation and Fukushima Daiichi crisis). The TVP model can provide a robust estimation of elasticities and can detect the outliers and the structural breaks. The results suggest that both industrial and residential consumers become less sensitive to price after the electricity deregulation and the financial crisis, and more sensitive to price after the Fukushima Daiichi crisis. Especially the industrial sector is less sensitive to price after the retail deregulation. By contrast, the income elasticities of industrial and residential sector consumers are stable during the examined period. Results also indicate that a negative relationship exists between the price elasticity of electricity demand and the price level of electricity after the electric sector deregulation. Some insights on the further electric sector reform and the environmental taxation in Japan are also provided. |
英文关键词 | Elasticity Time-varying parameter Kalman filter Deregulation Electricity price |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000402343600024 |
WOS关键词 | RESEARCH-AND-DEVELOPMENT ; EMPIRICAL-ANALYSIS ; SOUTH-AFRICA ; HETEROGENEITY ; DEREGULATION ; AGGREGATION ; SENSITIVITY ; UTILITIES ; EVOLUTION ; TURKEY |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18928 |
专题 | 气候变化 |
作者单位 | Univ Tokyo, Sch Engn, Dept Technol Management Innovat, Bunkyo Ku, 7-3-1 Hongo, Tokyo 1138656, Japan |
推荐引用方式 GB/T 7714 | Wang, Nan,Mogi, Gento. Industrial and residential electricity demand dynamics in Japan: How did price and income elasticities evolve from 1989 to 2014?[J]. ENERGY POLICY,2017,106. |
APA | Wang, Nan,&Mogi, Gento.(2017).Industrial and residential electricity demand dynamics in Japan: How did price and income elasticities evolve from 1989 to 2014?.ENERGY POLICY,106. |
MLA | Wang, Nan,et al."Industrial and residential electricity demand dynamics in Japan: How did price and income elasticities evolve from 1989 to 2014?".ENERGY POLICY 106(2017). |
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