학술대회자료
The Effect of Price Upsurge on Energy Expenditure Ratio
- 한국재정학회(구 한국재정·공공경제학회)
- 한국재정학회 학술대회 논문집
- 2009년도 추계학술대회 논문집
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2009.111 - 19 (19 pages)
- 7
커버이미지 없음
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.
I. Introduction
II. Theoretical Model
III. Empirical Analysis
IV. Summary and Concluding remarks
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