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With the recent rapid economic growth, total energy demand in rural China has increased dramatically, and the energy structure is in the transition from non-commercial to commercial sources. Simultaneously, it is expected that households in rural areas will face energy shortages and additional...
Persistent link: https://www.econbiz.de/10010868738
We describe and evaluate a new method of aggregating heterogeneous households that allows for the representation of changing demographic composition in a multi-sector economic growth model. The method is based on a utility and labor supply calibration that takes into account time variations in...
Persistent link: https://www.econbiz.de/10010593878
Country-specific income and own-price elasticities of demand for private consumption of energy are compared across time and affluence for 43 countries that participated in the 1980, 1996, and 2005 International Comparison Program based on estimates from a ten-good-demand system. Results indicate...
Persistent link: https://www.econbiz.de/10011039539