Energy and Economic Growth

Koji Nomura

Chapter Chapter 1 in Energy Productivity and Economic Growth, 2022, pp 1-18 from Springer

Abstract: Abstract This chapter provides an overview of the changes in energy consumption and energy productivity throughout Japan’s economic growth over the 135 years from 1885 to 2019. During this observation period, the Japanese economy succeeded in sustainably improving labor productivity, except for times of war and temporary recession periods. However, energy productivity has followed a U-shaped curve, declining until World War II and then moving on a track of steady improvement with repeated acceleration and deceleration. The sustained improvement in energy productivity in postwar Japan includes the effects of structural changes, such as rapid heavy and chemical industrialization, high energy prices caused by oil shocks, and prolonged economic stagnation. This chapter also provides an overview of each chapter’s focus and methodological framework and explains the structure of the productivity account developed in this book to analyze the sources of energy productivity changes.

Keywords: Energy productivity improvement (EPI); Historical economic growth; Capital and labor inputs; Productivity account (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-6494-7_1

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DOI: 10.1007/978-981-19-6494-7_1

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