Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/19044

Title: Three essays on rebound effects
Authors: Adetutu, Morakinyo O.
Keywords: Energy efficiency
Energy policy
Input distance function
Panel data
Rebound effect
Stochastic frontier analysis
Slutsky decomposition
Issue Date: 2015
Publisher: © Morakinyo Adetutu
Abstract: This thesis investigates three major aspects of energy consumption rebound effects (RE) in three papers. More specifically, the issues addressed are (i) the magnitude of economy-wide rebound effect (ii) the role of energy policy instruments in mitigating it and (iii) its channels of impact. The research begins with the estimation of cross-country economy-wide rebound effects for a panel of 55 countries over the period 1980 to 2010. A two-stage approach is utilized in which energy efficiency is first estimated from a stochastic input distance frontier (SIDF). The estimated energy efficiency is then used in a second stage dynamic panel model to derive short-run and long-run RE for an array of developing and developed countries. The cross-country point estimates indicate substantial RE magnitudes across sampled countries during the period under consideration, although a positive and encouraging finding is the declining RE trend across most of the sampled countries during the study period. The second paper contains an RE benchmark for 19 EU countries, as well as an investigation of the effects of two energy policy instruments (energy taxes and ener-gy R&D) on RE performance over the period 1995 to 2010. The results indicate that RE performance improved over the sample period, reinforcing the results from paper one. In addition, there is also some evidence suggesting that binding market-based instruments such as energy taxes have been more effective in restricting RE than in-direct instruments such as energy R&D during the period under consideration. This is consistent across both estimated model specifications. An important observation from the first essay is the slightly larger average RE across the non-OECD countries. For this reason, the last empirical chapter evaluated the channels through which RE stimulated energy use across productive sectors of major developing/emerging economies, namely Brazil, Russia, India, Indonesia and China. To achieve this, the essay relied on duality theory to decompose changes in energy demand into substitution and output effects through the estimation of a trans-log cost function using data spanning 1995-2009. Findings reveal that energy use elasticities across sampled sectors/countries are dominated by substitution effects. One intriguing result that also emerges from this analysis is the role of economies of scale and factor accumulation, rather than technical progress, in giving rise to eco-nomic growth and energy consumption in these countries during the period under consideration.
Description: A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy of Loughborough University.
Sponsor: SBE
URI: https://dspace.lboro.ac.uk/2134/19044
Appears in Collections:PhD Theses (Economics)

Files associated with this item:

File Description SizeFormat
Thesis-2015-Adetutu.pdf766.59 kBAdobe PDFView/Open
Form-2015-Adetutu.pdf922.05 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.