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Energy and economic growth: the stylized facts

Csereklyei, Zsuzsanna; Rubio, Maria del Mar; Stern, David Ian

Description

We summarize what we know about energy and economic growth in a set of stylized facts. We combine analysis of a panel data set of 99 countries from 1971 to 2010 with analysis of some longer run historical data. Our key result is that over the last 40 years there has been a stable cross-sectional relationship between per capita energy use and income per capita with an elasticity of energy use with respect to income of less than unity. This implies that energy intensity has tended to decrease in...[Show more]

CollectionsANU Research Publications
Date published: 2016
Type: Journal article
URI: http://hdl.handle.net/1885/95390
Source: Energy Journal
DOI: 10.5547/01956574.37.2.zcse

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