Indian Journal of Science and Technology
DOI: 10.17485/ijst/2015/v8i8/69319
Year: 2015, Volume: 8, Issue: 8, Pages: 790–796
Original Article
Byung In Lim1* , Seung-Rae Kim2 and Sung Tai Kim3
1 Department of Economics, Chungbuk National University, Korea; billforest@hanmail.net
2 Department of Economics, Hallym University, Korea; srkim@hallym.ac.kr
3 Department of Economics, Cheongju University; stkim@cju.ac.kr
The energy poverty in Korea has been generally increasing regardless of the oil price fluctuations, but there were almost no fluctuations in the ratios from 2011 to 2013. Several implications emerge from the empirical findings. First, social minorities, like the elderly, the handicapped, and single-parent families, as well as low-income families are more vulnerable to energy poverty. This is supported by the logit regression results. Second, one of the causes of low-income households falling into energy poverty may be that they cannot afford energy-efficient electronic appliances. The energy poverty ratio can be alleviated by energy welfare programs; thus, government intervention is required.
Keywords: Determinants of Energy Poverty, Energy Poverty, Logit Regression, Oil Price Hike
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