Naslov
Residential energy consumption modeling using quantile regression

Autori
Borozan, Đula ; Borozan, Luka

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
17th Internatioal Conference on Social Sciences / Ecirli, Ahmet - Murcia : European Center for Science Education and Research, 2019, 250-250

ISBN
9788890970061

Skup
17th Internatioal Conference on Social Sciences

Mjesto i datum
Murcia, Španjolska, 08.03.2019. - 09.03.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
residential final energy consumption, rebound effect, European Union, quantile regression

Sažetak
Using quantile regression, this paper aims to explore the effects of its main determinants for EU countries in year 2016. Understanding the residential final energy consumption determinants is very important. Namely, an increase in the efficiency of its usage and its reduction without jeopardizing the quality of life is desirable not only for households themselves, but also for environment and the whole society. We found statistically significant variances in the significance of the poverty and policy variable as well as the climate condition variable between quantiles. By contrast, energy prices and gross domestic product turned out to be statically significant determinants regardless of the examined quantiles of conditional distribution. Thereby, the rebound effect of gross domestic product on residential final energy consumption was weakened, while the effect of energy prices strengthened across quantiles. The results of the quantile regression analysis provided energy and environmental policy authorities with valuable first information to formulate policies for further promotion of a wise use of energy in the residential sector.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA