Study on the Influence of Household Consumption on Energy Consumption under the Threshold of Rising House Price

Abstract In order to understand the impact of residents’ consumption on energy consumption in a more comprehensive way, this paper divides the residents’ consumption into two dimensions: total consumption and consumption structure, and introduces the house price as the threshold variable, using the provincial data of 2007-2017, constructs the panel threshold model of residents’ consumption on energy consumption. The results show that: the total consumption and consumption structure of residents have a double threshold effect on energy consumption; the promotion of total consumption promotes energy consumption, while the upgrading of consumption structure restrains energy consumption; when the rise of house price is in the middle level, due to the “wealth effect” caused by the rise of house price, the rise of total consumption and consumption structure The upgrading of the structure has the strongest effect on energy consumption, but when the house price further rises beyond the maximum threshold, the “crowding effect” brought by the rising house price will significantly weaken the impact of total consumption and consumption upgrading on energy consumption.