Sensitivity Analysis of Economy- Wide Rebound Effects to Different Klem Specifications
نویسندگان
چکیده
Rebound effects occur when improvements in energy efficiency stimulate the direct and indirect demand for energy in production and consumption. This phenomenon may act to partially or wholly erode potential energy savings. We extend on previous sensitivity analyses of rebound effects by examining whether the structure of the production function itself has an impact on the presence and magnitude of rebound effects using data on the Spanish economy. Additionally, we propose an unbiased measure of the economywide rebound effect whereby actual and potential energy savings are evaluated under general equilibrium conditions.
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