EconPapers    
Economics at your fingertips  
 

The convergence of U.S. state-level energy intensity

James Burnett () and Jessica Madariaga

Energy Economics, 2017, vol. 62, issue C, 357-370

Abstract: This study extends a neoclassical growth model to include the accumulation of physical capital and energy consumption within a panel of fifty states (plus the District of Columbia) in the U.S. The theoretical model allows us to examine the implications for convergence in economic growth and energy intensity. From the theoretical model, we formulate an empirical approach using a dynamic panel model that is estimated using a general method of moments framework to test the conditional rates of convergence. The empirical results indicate convergence in energy intensity, and our estimates accurately predict both the growth in and convergence of energy intensity across our entire sample. Consistent with other findings in the literature, our results imply that energy use, over the past four decades, plays a small and positive role in state-level, per capita economic growth and convergence. Based on these results, we discuss policy implications for state-level income growth and energy consumption.

Keywords: Economic growth; Energy growth; Energy intensity; Convergence (search for similar items in EconPapers)
JEL-codes: C23 Q47 Q48 Q54 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988316300858
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:62:y:2017:i:c:p:357-370

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-03-31
Handle: RePEc:eee:eneeco:v:62:y:2017:i:c:p:357-370