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The Extent Individuals Are Willing to Undertake Energy Efficiency Measures: Evidence from Bosnia and Herzegovina

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  • Veselinović Ljiljan

    (Associate Professor School of Economics and Business, University of Sarajevo, Trg oslobođenja – Alije Izetbegovića 1 71000 Sarajevo, Bosnia and Herzegovina)

  • Mangafić Jasmina

    (PhD Associate Professor School of Economics and Business, University of Sarajevo)

  • Martinović Danijela

    (PhD Associate Professor School of Economics and Business University of Sarajevo)

Abstract

This paper studies the extent individuals are willing to undertake energy efficiency measures, with evidence coming from a developing country (Bosnia and Herzegovina). The goal of this paper is to analyze energy-savings behaviors, aiming to understand what is typically meant under the term energy efficiency, who is more likely to know the meaning, and the extent individuals are willing to undertake some energy efficiency measures. The sample size used in this paper is a random stratified sample of 1,415 individuals coming from various backgrounds. Our logistic regression models found no statistically significant predictor across all ten measures used in the study. However, past experience, age, and being married are relatively common across these ten energy-saving behaviors. These results might be beneficial in defining policies in order to promote energy-saving behaviors.

Suggested Citation

  • Veselinović Ljiljan & Mangafić Jasmina & Martinović Danijela, 2023. "The Extent Individuals Are Willing to Undertake Energy Efficiency Measures: Evidence from Bosnia and Herzegovina," South East European Journal of Economics and Business, Sciendo, vol. 18(1), pages 71-84, June.
    • Handle: RePEc:vrs:seejeb:v:18:y:2023:i:1:p:71-84:n:6
    DOI: 10.2478/jeb-2023-0006
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    More about this item

    Keywords

    energy-savings behavior; energy efficiency measures; energy crisis; micro data; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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