An Analysis on Energy Consumption behavior of Rural Household in Kyungpook Province, korea
2013
Kim, C.S., Kyungpook Naitonal University, Daegue, Republic of Korea | Lee, S.H., Sumcheon National University, Suncheon, Republic of Korea | Jng, H.K., Kyungpook Naitonal University, Daegue, Republic of Korea | Park, S.Y., Tokyo University of Information Science, Chiba, Japan | Takei, A., Tokyo University of Information Science, Chiba, Japan
The purpose of this paper is to analyze energy consumption behavior of farm households against climate in Kyungpook Province, Korea. This paper estimates price and income elasticities of demand for three main fuels (LNG, propane gas, kerosene) by using the linear approximate Almost Ideal Demand System (LA-AIDS). The major findings of this study are summarized as follows. First, the results indicate that the determinants affecting consumption of LNG, propane gas, kerosene and LNG price, propane gas price, kerosene price and X/P(total expenditure/price index). Second, all compensated (Hicksian) own-price elasticities are negative and price inelastic. This result indicating that mail fuels are necessity in rural household. And all uncompensated (Marshallian) own-price elasticities are negative. Propane gas is price elastic while LNG and kerosene are price inelastic. For some cross-price elasticities, while Hicksian estimates fuels are positive. It means that these fuels are normal goods.
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