Economic Development and Energy Intensity: A Panel Data Analysis

Ghislaine Destais, Julien Fouquau and Christophe Hurlin

Chapter 5 in The Econometrics of Energy Systems, 2007, pp 98-120 from Palgrave Macmillan

Abstract: Abstract The energy-GDP ratio, or ratio of total national primary energy consumption to GDP, is a measure of the Energy Intensity of the economy (henceforward noted as EI). It represents the energy required to generate a unit of national output. Its evolution over time shows whether the economy becomes more or less energy intensive. Projections of national energy demand under different growth scenarios depend upon the explicit or implicit value of this ratio. It can also be used to define an objective of energy policy.

Keywords: Energy Demand; Transition Function; Energy Intensity; Income Elasticity; Threshold Variable (search for similar items in EconPapers)
Date: 2007
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Working Paper: Economic Development and Energy Intensity: a Panel Data Analysis (2006)
Working Paper: Economic Development and Energy Intensity: a Panel Data Analysis (2006)
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DOI: 10.1057/9780230626317_5

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