Economic Development and the Structure of the Demand for Commercial Energy

Ruth A. Judson, Richard Schmalensee and Thomas M. Stoker

The Energy Journal, 1999, vol. 20, issue 2, 29-57

Abstract: To deepen understanding of the relation between economic development and energy demand, this study estimates the relations between per-capita GDP5 and per-capita energy consumption in major economic sectors. Panel data covering up to 123 nations are employed, and measurement problems are treated both in dataset construction and in estimation. Time and country fixed effects are assumed, and flexible forms for income effects are employed. There are substantial differences among sectors in the structure of country, time, and income effects. In particular, the household sector's share of aggregate energy consumption tends to fall with income, the share of transportation tends to rise, and the share of industry follows an inverse-U pattern.

Keywords: economic development; GDP; carbon dioxide emissions; Engle curves; commercial energy use; forecasting (search for similar items in EconPapers)
Date: 1999
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Journal Article: Economic Development and the Structure of the Demand for Commercial Energy (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:20:y:1999:i:2:p:29-57

DOI: 10.5547/ISSN0195-6574-EJ-Vol20-No2-2

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