IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v93y2017i4p585-607.html
   My bibliography  Save this article

Empirics on the Long-Run Effects of Building Energy Codes in the Housing Market

Author

Listed:
  • Makram El-Shagi
  • Claus Michelsen
  • Sebastian Rosenschon

Abstract

We study the effectiveness of building energy codes, taking a long-run perspective. The focus is on regulation’s impact on energy demand in both high- and low-quality residences, in other words, the diffusion and the entry of “green” buildings in the housing market. We develop a measure for regulation intensity and apply this to a panel-error-correction regression model for energy requirements of a large sample of German apartment houses built between 1950 and 2005. We show that regulation is effective in saving energy. In particular, regulation pushes investors in the low-quality housing market segment toward the technological frontier. Indirectly, it also affects the high-quality segment.

Suggested Citation

  • Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2017. "Empirics on the Long-Run Effects of Building Energy Codes in the Housing Market," Land Economics, University of Wisconsin Press, vol. 93(4), pages 585-607.
    • Handle: RePEc:uwp:landec:v:93:y:2017:i:4:p:585-607
    Note: DOI: 10.3368/le.93.4.585
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/93/4/585
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Singhal, Puja, 2024. "Inform me when it matters: Cost salience, energy consumption, and efficiency investments," Energy Economics, Elsevier, vol. 133(C).
    2. Holian, Matthew J., 2020. "The impact of building energy codes on household electricity expenditures," Economics Letters, Elsevier, vol. 186(C).
    3. Singhal, Puja & Hobbs, Andrew, 2021. "The Distribution of Energy Efficiency and Regional Inequality," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242343, Verein für Socialpolitik / German Economic Association.

    More about this item

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:93:y:2017:i:4:p:585-607. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.