Electricity Intensity Convergence in the OECD Countries

Lior Gallo ()
Additional contact information
Lior Gallo: Bank of Israel

No 2023.10, Bank of Israel Working Papers from Bank of Israel

Abstract: This paper analyzes the dynamics of electricity intensity – i.e., the ratio of electricity consumption to gross domestic product – in the OECD countries for the period 1990– 2017. In particular, it analyzes electricity intensity dynamics against the background of different subgroups (or ”clubs”) of the OECD countries, changes in electricity prices, and the industrial structure of the economy. The main results are that general electricity intensity convergence in all OECD countries has decreased in recent years, yet club convergence in subgroups of OECD countries continues, and that the role of the economy’s industrial structure and electricity prices in these trends are negligible. The main driver of the dynamics and convergence of electricity intensity is electricity efficiency at the industry level.

Keywords: Electricity demand; Electricity intensity; Convergence; Club convergence; Decomposition; Structural transformation; Electricity prices (search for similar items in EconPapers)
Pages: 42 pages
Date: 2023-06
New Economics Papers: this item is included in nep-ene and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://boiwebrepec.azurefd.net/RePEc/boi/wpaper/WP_2023.10.pdf First Version, 2023 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boi:wpaper:2023.10

Access Statistics for this paper

More papers in Bank of Israel Working Papers from Bank of Israel Contact information at EDIRC.
Bibliographic data for series maintained by Yossi Yakhin ().