Exploring the Energy-Economy Link

Kostas Bithas () and Panos Kalimeris

Chapter Chapter 4 in Revisiting the Energy-Development Link, 2016, pp 17-22 from Springer

Abstract: Abstract Energy emerges as an indispensable input in the production process and the economy depends on energy resources. The evaluation of the intensity of this dependency is a crucial analytical problem which attracted the interest of scientists early on. Recently developed datasets permitted the empirical evaluation of the link between energy and the economy. The Material Framework Analysis (MFA) has led to a number of empirical studies concerning several economies for long periods. The key indicator in these empirical studies is the “energy resources consumed for producing one unit of GDP”. Evidently the rationale behind this indicator envisages the economy as an engine producing GDP reflected in the aggregate value of all goods produced within the economic system. On the basis of this key indicator a large number of recent studies identify a decoupling between energy and growth.

Keywords: Material flow analysis; Energy intensity; Decoupling effect (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-20732-2_4

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DOI: 10.1007/978-3-319-20732-2_4

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