Research Article
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Year 2018, Volume: 2 Issue: 1, 77 - 98, 31.01.2018
https://doi.org/10.25295/fsecon.2018.01.004

Abstract

References

  • Bentzen, J. (2004). “Estimating the Rebound Effect in US Manufacturing Energy Consumption”, Energy Economics, 26(1), 123-134.
  • Brannlund, R., Ghalwash, T. and Nordström, J. (2007). “Increased Energy Efficiency and the Rebound Effect: Effects on Consumption and Emissions”, Energy Economics, 29(1), 1-17.
  • Brookes, L. (1979). “A Low-Energy Strategy for the UK by G. Leach et al.: A Review and Reply”, Atom, 269, 3-8.
  • Buluş, A. and Topallı, N. (2011). “Energy Efficiency and Rebound Effect: Does Energy Efficiency Save Energy?”, Energy and Power Engineering, 3, 355-360.
  • Evans, A. and Schafer, A. (2013). “The Rebound Effect in the Aviation Sector”, Energy Economics, 36, 158-165.
  • Granger, C. W. J. and Newbold, P. (1974). “Spurious Regressions in Econometrics”, Journal of Econometrics, 12(2), 111-120.
  • Granger, C. W. J. (1964). Spectral Analysis of Economic Time Series, New Jersey: Princeton University Press.
  • Granger, C. W. J. (1969). “Investigating Causal Relations by Econometric Models and Cross-Spectral Methods”, Econometrica, 37(3), 424-438.
  • Greene, D. L. (1992). “Vehicle Use and Fuel Economy: How Big Is the Rebound Effect?”, The Energy Journal, 13(1), 117-143.
  • Grepperud, S. and Rasmussen, I. (2004). “General Equilibrium Assessment Ofr Ebound Effects”, Energy Economics, 26, 261-262.
  • Haas, R. and Biermayr, P. (2000). “The Rebound Effect for Space Heating: Empirical Evidence from Austria”, Energy Policy, 28(6-7), 403-410.
  • Hens, H., Parijs, W. and Deurinck, M. (2010). “Energy Consumption for Heating and Rebound Effects”, Energy and Buildings, 42(1), 105-110.
  • Jevons, W. S. (1865). The Coal Question; an Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal-Mines. 2nd Ed., London: Macmillan.
  • Jin, S. H. (2007). “The Effectiveness of Energy Efficiency Improvement in a Developing Country: Rebound Effect of Residential Electricity Use in South Korea”, Energy Policy, 35(11), 5622-5629.
  • Johansen, S. (1988). “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamics and Control, 12(2-3), 231-254.
  • Johansen, S. (1991). “Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models”, Econometrica, 59, 1551-1580.
  • Johansen, S. (1995). Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford: Oxford University Press.
  • Johansen, S. and Juselius, K. (1990). “Maximum Likelihood Estimation and Inference on Cointegration with Applications to the Demand for Money”, Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
  • Khazzoom, J. D. (1980). “Economic Implications of Mandated Efficiency in Standards for Household Appliances”, The Energy Journal, 1(4), 21-40.
  • Lin, B. and Liu, X. (2012). “Dilemma between Economic Development and Energy Conservation: Energy Rebound Effect in China”, Energy, 45(1), 867-873.
  • Lin, B. and Liu, X. (2015). “A Study on the Energy Rebound Effect of China’s Residential Building Energy Efficiency”, Energy and Buildings, 86, 608-618.
  • Nassen, J. and Holmberg, J. (2009). “Quantifying the Rebound Effects of Energy Efficiency Improvements and Energy Conserving Behaviour in Sweden”, Energy Efficiency, 2(3), 221-231.
  • Ouyang, J., Long, E. and Hokao, K. (2010). “Rebound Effect in Chinese Household Energy Efficiency and Solution for Mitigating It”, Energy, 35(12), 5269-5276.
  • Saunders, H. D. (1992). “The Khazzoom-Brookes Postulate and Neoclassical Growth”, The Energy Journal, 13(4), 131-148.
  • Saunders, H. D. (2013). “Historical Evidence for Energy Efficiency Rebound in 30 US Sectors and a Toolkit for Rebound Analysts”, Technological Forecasting and Social Change, 80(7), 1317-1330.
  • Schleich, J., Mills, B. and Dütschke, E. (2014). “A Brighter Future? Quantifying the Rebound Effect in Energy Efficient Lighting”, Energy Policy, 72, 35-42.
  • Small, K. A. and Van Dender, K. (2007). “Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect”, The Energy Journal, 28(1), 25-51.
  • Sorrell, S. (2007). “The Rebound Effect: An Assessment of the Evidence for Economy-Wide Energy Savings from Improved Energy Efficiency”, UK Energy Research Centre Project Report.
  • Sorrell, S., Dimitropoulos, J. and Sommerville, M. (2009). “Empirical Estimates of the Direct Rebound Effect: A Review”, Energy Policy, 37(4), 1356-1371.
  • Stanford, J. (2013), Herkes İçin İktisat: Kapitalist Sömürüyü Anlama Kılavuzu, (Çev. Tuncel Öncel), İkinci Baskı, İstanbul: Yordam Kitap. Taban, S. (2008). “Türkiye’de Enflasyon-Ekonomik Büyüme İlişkisi: Sınır Testi Yaklaşımı”, TİSK Akademi, 3(5), 144-167.
  • Turner, K. (2009). “Negative Rebound and Disinvestment Effects in Response to an Improvement in Energy Efficiency in the UK Economy”, Energy Economics, 31(5), 648-666.
  • Wang, H., Zhou, P. and Zhou, D.Q. (2012). “An Empirical Study of Direct Rebound Effect for Passenger Transport in Urban China”, Energy Economics, 34, 452-460.
  • Yamak, N. ve Küçükkale, Y. (1997). “Türkiye’de Kamu Harcamalarının Ekonomik Büyüme İlişkisi”, İktisat İşletme ve Finans, 12(131), 5-14.
  • Yapraklı, S. (2007). “Ticari ve Finansal Dışa Açıklık ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Üzerine Bir Uygulama”, Ekonometri ve İstatistik, 5, 67-89.
  • Yetişkul, E. ve Şenbil, M. (2010). “Kentsel Ulaşım Sektöründe Enerji Verimliliği: Uluslararası Bir Karşılaştırma”, METU JFA, 27(1), 185-200.
  • Yu, B., Zhang, J. and Fujiwara, A. (2013). “Evaluating the Direct and Indirect Rebound Effects in Household Energy Consumption Behavior: A Case Study of Beijing”, Energy Policy, 57, 441-453.

Jevons Paradox:An Econometric Analysis on Energy Efficiency and Rebound Effect

Year 2018, Volume: 2 Issue: 1, 77 - 98, 31.01.2018
https://doi.org/10.25295/fsecon.2018.01.004

Abstract

In this study, the effects of energy efficiency, rebound effect, on energy production, consumption, saving, import as well as inflation and current account deficit are examined using time series analysis in the period of 1967-2015 in Turkish economy. Firstly, in order to determine the stationary level of the variables ADF and PP unit root tests are used and the results show that all of the variables considered within the model are stationary at the first difference level. Second, the finding of Johansen-Juselius cointegration analyze reveals the existence of long-run relationships among variables, and Granger causality analysis reflects at least the validity of one-way causal links among variables. The findings of the VEC analysis point out that the Jevons Paradox or rebound effect is valid in the Turkish economy, which means that energy consumption rises as energy efficiency and production increases. In addition, the findings show that depending on increasing energy consumption energy import level rises and therefore current account deficit and inflation begin to deteriorate, also.

References

  • Bentzen, J. (2004). “Estimating the Rebound Effect in US Manufacturing Energy Consumption”, Energy Economics, 26(1), 123-134.
  • Brannlund, R., Ghalwash, T. and Nordström, J. (2007). “Increased Energy Efficiency and the Rebound Effect: Effects on Consumption and Emissions”, Energy Economics, 29(1), 1-17.
  • Brookes, L. (1979). “A Low-Energy Strategy for the UK by G. Leach et al.: A Review and Reply”, Atom, 269, 3-8.
  • Buluş, A. and Topallı, N. (2011). “Energy Efficiency and Rebound Effect: Does Energy Efficiency Save Energy?”, Energy and Power Engineering, 3, 355-360.
  • Evans, A. and Schafer, A. (2013). “The Rebound Effect in the Aviation Sector”, Energy Economics, 36, 158-165.
  • Granger, C. W. J. and Newbold, P. (1974). “Spurious Regressions in Econometrics”, Journal of Econometrics, 12(2), 111-120.
  • Granger, C. W. J. (1964). Spectral Analysis of Economic Time Series, New Jersey: Princeton University Press.
  • Granger, C. W. J. (1969). “Investigating Causal Relations by Econometric Models and Cross-Spectral Methods”, Econometrica, 37(3), 424-438.
  • Greene, D. L. (1992). “Vehicle Use and Fuel Economy: How Big Is the Rebound Effect?”, The Energy Journal, 13(1), 117-143.
  • Grepperud, S. and Rasmussen, I. (2004). “General Equilibrium Assessment Ofr Ebound Effects”, Energy Economics, 26, 261-262.
  • Haas, R. and Biermayr, P. (2000). “The Rebound Effect for Space Heating: Empirical Evidence from Austria”, Energy Policy, 28(6-7), 403-410.
  • Hens, H., Parijs, W. and Deurinck, M. (2010). “Energy Consumption for Heating and Rebound Effects”, Energy and Buildings, 42(1), 105-110.
  • Jevons, W. S. (1865). The Coal Question; an Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal-Mines. 2nd Ed., London: Macmillan.
  • Jin, S. H. (2007). “The Effectiveness of Energy Efficiency Improvement in a Developing Country: Rebound Effect of Residential Electricity Use in South Korea”, Energy Policy, 35(11), 5622-5629.
  • Johansen, S. (1988). “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamics and Control, 12(2-3), 231-254.
  • Johansen, S. (1991). “Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models”, Econometrica, 59, 1551-1580.
  • Johansen, S. (1995). Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford: Oxford University Press.
  • Johansen, S. and Juselius, K. (1990). “Maximum Likelihood Estimation and Inference on Cointegration with Applications to the Demand for Money”, Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
  • Khazzoom, J. D. (1980). “Economic Implications of Mandated Efficiency in Standards for Household Appliances”, The Energy Journal, 1(4), 21-40.
  • Lin, B. and Liu, X. (2012). “Dilemma between Economic Development and Energy Conservation: Energy Rebound Effect in China”, Energy, 45(1), 867-873.
  • Lin, B. and Liu, X. (2015). “A Study on the Energy Rebound Effect of China’s Residential Building Energy Efficiency”, Energy and Buildings, 86, 608-618.
  • Nassen, J. and Holmberg, J. (2009). “Quantifying the Rebound Effects of Energy Efficiency Improvements and Energy Conserving Behaviour in Sweden”, Energy Efficiency, 2(3), 221-231.
  • Ouyang, J., Long, E. and Hokao, K. (2010). “Rebound Effect in Chinese Household Energy Efficiency and Solution for Mitigating It”, Energy, 35(12), 5269-5276.
  • Saunders, H. D. (1992). “The Khazzoom-Brookes Postulate and Neoclassical Growth”, The Energy Journal, 13(4), 131-148.
  • Saunders, H. D. (2013). “Historical Evidence for Energy Efficiency Rebound in 30 US Sectors and a Toolkit for Rebound Analysts”, Technological Forecasting and Social Change, 80(7), 1317-1330.
  • Schleich, J., Mills, B. and Dütschke, E. (2014). “A Brighter Future? Quantifying the Rebound Effect in Energy Efficient Lighting”, Energy Policy, 72, 35-42.
  • Small, K. A. and Van Dender, K. (2007). “Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect”, The Energy Journal, 28(1), 25-51.
  • Sorrell, S. (2007). “The Rebound Effect: An Assessment of the Evidence for Economy-Wide Energy Savings from Improved Energy Efficiency”, UK Energy Research Centre Project Report.
  • Sorrell, S., Dimitropoulos, J. and Sommerville, M. (2009). “Empirical Estimates of the Direct Rebound Effect: A Review”, Energy Policy, 37(4), 1356-1371.
  • Stanford, J. (2013), Herkes İçin İktisat: Kapitalist Sömürüyü Anlama Kılavuzu, (Çev. Tuncel Öncel), İkinci Baskı, İstanbul: Yordam Kitap. Taban, S. (2008). “Türkiye’de Enflasyon-Ekonomik Büyüme İlişkisi: Sınır Testi Yaklaşımı”, TİSK Akademi, 3(5), 144-167.
  • Turner, K. (2009). “Negative Rebound and Disinvestment Effects in Response to an Improvement in Energy Efficiency in the UK Economy”, Energy Economics, 31(5), 648-666.
  • Wang, H., Zhou, P. and Zhou, D.Q. (2012). “An Empirical Study of Direct Rebound Effect for Passenger Transport in Urban China”, Energy Economics, 34, 452-460.
  • Yamak, N. ve Küçükkale, Y. (1997). “Türkiye’de Kamu Harcamalarının Ekonomik Büyüme İlişkisi”, İktisat İşletme ve Finans, 12(131), 5-14.
  • Yapraklı, S. (2007). “Ticari ve Finansal Dışa Açıklık ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Üzerine Bir Uygulama”, Ekonometri ve İstatistik, 5, 67-89.
  • Yetişkul, E. ve Şenbil, M. (2010). “Kentsel Ulaşım Sektöründe Enerji Verimliliği: Uluslararası Bir Karşılaştırma”, METU JFA, 27(1), 185-200.
  • Yu, B., Zhang, J. and Fujiwara, A. (2013). “Evaluating the Direct and Indirect Rebound Effects in Household Energy Consumption Behavior: A Case Study of Beijing”, Energy Policy, 57, 441-453.
There are 36 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Merter Akıncı

Haktan Sevinç

Ömer Yılmaz

Publication Date January 31, 2018
Published in Issue Year 2018 Volume: 2 Issue: 1

Cite

APA Akıncı, M., Sevinç, H., & Yılmaz, Ö. (2018). Jevons Paradox:An Econometric Analysis on Energy Efficiency and Rebound Effect. Fiscaoeconomia, 2(1), 77-98. https://doi.org/10.25295/fsecon.2018.01.004

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