The energy efficiency rebound effect in general equilibrium

Arbeitspapier

We develop a stylized general equilibrium model to decompose the rebound effect of energy efficiency improvements into its partial and general equilibrium components. In our theoretical analysis, we identify key drivers of the general equilibrium rebound effect, including a composition channel, an energy price channel, a labor supply channel, and a growth channel. Based on numerical simulations with both the stylized model as well as a large-scale computable general equilibrium model of the global economy, we show that both general and partial equilibrium components of the rebound effect can be substantial. Our benchmark parameterization suggests a total rebound effect due to an exogenous energy efficiency improvement in the US manufacturing sector of 67% with roughly two-thirds occurring through the partial equilibrium rebound channel and the remaining one-third occurring through the general equilibrium rebound channel.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Oldenburg Discussion Papers in Economics ; No. V-410-18

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Computable General Equilibrium Models ; Computable and Other Applied General Equilibrium Models ; Energy and the Macroeconomy ; Environmental Economics: Technological Innovation
• Thema: energy efficiency ; climate change ; rebound effect ; general equilibrium

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Böhringer, Christoph ; Rivers, Nicholas
• Ereignis: Veröffentlichung
• (wer): University of Oldenburg, Department of Economics
• (wo): Oldenburg
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/179795
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ