Estimating the elasticity of energy over consumption at micro level: a case study in Sabah, Malaysia

Yii, Kwang-Jing and Caroline Geetha and Vivin Vincent Chandran (2017) Estimating the elasticity of energy over consumption at micro level: a case study in Sabah, Malaysia. Energy Procedia, 105. pp. 3571-3576. ISSN 1876-6102

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Abstract

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.

Item Type:	Article
Keyword:	Energy demand , Elasticity , Over consumption , LA-AIDS model
Subjects:	H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography > HB131-147 Methodology > HB135-147 Mathematical economics. Quantitative methods Including econometrics, input-output analysis, game theory H Social Sciences > HD Industries. Land use. Labor > HD28-9999 Industries. Land use. Labor > HD9000-9999 Special industries and trades > HD9502-9502.5 Energy industries. Energy policy. Fuel trade
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	SAFRUDIN BIN DARUN -
Date Deposited:	22 Oct 2021 11:10
Last Modified:	22 Oct 2021 11:10
URI:	https://eprints.ums.edu.my/id/eprint/30574

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