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Intangible capital and sectoral energy intensity: Evidence from 40 economies between 1995 and 2007

Shenglang Yang and Xunpeng Shi ()

Energy Policy, 2018, vol. 122, issue C, 118-128

Abstract: Intangible capital has been found to be an increasingly important source of productivity and economic growth. However, its effects on energy intensity have received little attention. Given the importance of reducing energy intensity, this study advances the understanding of the relationship between intangible capital and sectoral energy intensity by taking advantage of a rich dataset of 40 economies derived from the World Input-Output Database (WIOD), spanning across 13 years (1995–2007). A relatively robust causal relationship between intangible capital and sectoral energy intensity has been identified. The qualitative and quantitative interactions of this relationship with income level and sectoral heterogeneity have also been revealed.

Keywords: Intangible capital; Energy intensity; Sectoral level; World Input Output Database (search for similar items in EconPapers)
JEL-codes: Q40 Q57 O33 O50 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:enepol:v:122:y:2018:i:c:p:118-128