Abstract
The goal of this paper is to examine the long-run elasticities of the impacts of energy consumption on GDP and GDP on energy consumption. The energy consumption-GDP relationship is amongst the most popular relationships examined in the energy economics literature. The bulk of the extant literature has assumed a positive relationship between energy consumption and real GDP. Our analysis shows that in only around 60% of the countries considered the relationship is positive.
Original language | English |
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Pages (from-to) | 1054-1057 |
Number of pages | 4 |
Journal | Applied Energy |
Volume | 87 |
Issue number | 3 |
DOIs | |
Publication status | Published - Mar 2010 |
Externally published | Yes |
Keywords
- C22
- Energy consumption
- Long-run
- Real GDP