n this article, we focus only on the SR component of demand, and our main aim is to address the third deficiency in addition to the first two. In place of a TRF, we introduce a new concept : the cross-temperature response function (CTRF). The CTRF employs economic covariates directly in the...

The stable supply of energy is very important in Korea owing to its high level of energy consumption and heavy reliance on imports for its energy use. As of 2017, Korea’s final energy consumption per capita was 4.55 tons of oil equivalent (toe), 3.5 times the global average of 1.28 toe, with...