The Effect of Price Upsurge on Energy Expenditure Ratio

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Hyungho Youn Byung-In Lim
• 간행물 정보: 『한국재정학회 학술대회 논문집』2009년도 추계학술대회 논문집, 1~19쪽, 전체 19쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2009.11.30

영문 초록

The purpose of this study is to see how energy price upsurge in 2008 affects energy expenditure ratio by income group. We develop a theoretical model to show that the ratio moves inversely with income while together with price. From these theoretical results, we infer that a low income household falls into energy poverty if prices rise abruptly. In fact, we can observe such an event in Korea in 2008. Next, we test the theoretical results by building an empirical model. The empirical results coincide with theoretical ones.

목차

I. Introduction

II. Theoretical Model

III. Empirical Analysis

IV. Summary and Concluding remarks

키워드

Energy Expenditure Ratio Energy Prices Energy Poverty