Energy Consumption and Generation Diversity
This study investigates whether generation diversity in population can influence energy consumption. Using a panel data of 37 OECD countries over the years 1980-2021, it is found that apart from the size of population by age, generation diversity can influence the electric consumption per head of O...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2022-11-01
|
| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/13523 |
| _version_ | 1797910303220957184 |
|---|---|
| author | Supanee Harnphattnanusorn Thitima Puttitanun |
| author_facet | Supanee Harnphattnanusorn Thitima Puttitanun |
| author_sort | Supanee Harnphattnanusorn |
| collection | DOAJ |
| description |
This study investigates whether generation diversity in population can influence energy consumption. Using a panel data of 37 OECD countries over the years 1980-2021, it is found that apart from the size of population by age, generation diversity can influence the electric consumption per head of OECD countries. Specifically, an increase in generation diversity decreases the electric consumption. High generation diversity can lead to a smaller household, where energy consumption can be more efficiently managed. High generation diversity can also lead to high income variation that results in diversity in energy source consumption. Moreover, younger generations, concerning over environmental issues and energy conservation, can influence older generations to conserve more energy through bandwagon effect. This study shows that generation diversity is an important dimension in population structure that can influence electricity consumption. Hence, generation diversity needs to be considered in planning for energy management strategies.
|
| first_indexed | 2024-04-10T11:22:22Z |
| format | Article |
| id | doaj.art-7b06992edcd64b678bca914513e07a32 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-10T11:22:22Z |
| publishDate | 2022-11-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-7b06992edcd64b678bca914513e07a322023-02-15T16:18:33ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532022-11-0112610.32479/ijeep.13523Energy Consumption and Generation DiversitySupanee Harnphattnanusorn0Thitima Puttitanun1Department of Economics, Faculty of Economics, Kasetsart University, Chatuchak, Bangkok 10900, Thailand.Department of Economics, Faculty of Economics, Kasetsart University, Chatuchak, Bangkok 10900, Thailand. This study investigates whether generation diversity in population can influence energy consumption. Using a panel data of 37 OECD countries over the years 1980-2021, it is found that apart from the size of population by age, generation diversity can influence the electric consumption per head of OECD countries. Specifically, an increase in generation diversity decreases the electric consumption. High generation diversity can lead to a smaller household, where energy consumption can be more efficiently managed. High generation diversity can also lead to high income variation that results in diversity in energy source consumption. Moreover, younger generations, concerning over environmental issues and energy conservation, can influence older generations to conserve more energy through bandwagon effect. This study shows that generation diversity is an important dimension in population structure that can influence electricity consumption. Hence, generation diversity needs to be considered in planning for energy management strategies. https://econjournals.com/index.php/ijeep/article/view/13523generation diversityenergy consumptionelectricity consumptionOECD |
| spellingShingle | Supanee Harnphattnanusorn Thitima Puttitanun Energy Consumption and Generation Diversity International Journal of Energy Economics and Policy generation diversity energy consumption electricity consumption OECD |
| title | Energy Consumption and Generation Diversity |
| title_full | Energy Consumption and Generation Diversity |
| title_fullStr | Energy Consumption and Generation Diversity |
| title_full_unstemmed | Energy Consumption and Generation Diversity |
| title_short | Energy Consumption and Generation Diversity |
| title_sort | energy consumption and generation diversity |
| topic | generation diversity energy consumption electricity consumption OECD |
| url | https://econjournals.com/index.php/ijeep/article/view/13523 |
| work_keys_str_mv | AT supaneeharnphattnanusorn energyconsumptionandgenerationdiversity AT thitimaputtitanun energyconsumptionandgenerationdiversity |