 Energy as a factor of production: Historical roots in the American institutionalist contextAntoine Missemer and Franck Nadaud Energy Economics, 2020, vol. 86, issue C Abstract: The relationship between energy and economic output is today discussed through the decoupling issue. A pioneering historical attempt to measure this relationship can be found in contributions by F. G. Tryon et al. at the Brookings Institution in the 1920s–1930s, in the American institutionalist context. This episode has scarcely been noticed in the literature. On the basis of textual analysis, archival material and econometrics, the purpose of this article is to provide a historical account of this corpus (context, originality), to assess the relevance of its statistical results, and to highlight the salient issues of the time that could feed into contemporary research. In particular, the articulation between empirical observations (inter-index correlation), theoretical implications (considering energy as a factor of production) and energy policy (global strategy rather than sectoral measures) is an old question deserving attention. Keywords: Decoupling; Energy intensity; Tryon; Brookings Institution; Natural resources; Institutionalism; History of economic thought (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:86:y:2020:i:c:s0140988320300451 DOI: 10.1016/j.eneco.2020.104706 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 |
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