Showing 1 - 8 of 8
Time series of electricity, petroleum products, and renewables are found to be highly correlated with total energy consumption. Applying this insight to the huge literature on energy-GDP causality explains that the results of total energy-GDP causality tests frequently coincide with the results...
Persistent link: https://www.econbiz.de/10010868712
The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the causal relationship yet. We argue that bivariate models, which analyze the causality only at the macro level, are eventually misleading, especially in cases where...
Persistent link: https://www.econbiz.de/10011039603
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa, it is fairly inconclusive. Almost all existing studies use relatively short time series, or panels with a relatively small time dimension. We apply Granger causality and...
Persistent link: https://www.econbiz.de/10010868695
I use a stochastic production frontier to model energy efficiency trends in 85 countries over a 37-year period. Differences in energy efficiency across countries are modeled as a stochastic function of explanatory variables and I estimate the model using the cross-section of time-averaged data,...
Persistent link: https://www.econbiz.de/10011039641
We examine the role of substitution from traditional to modern energy carriers and of differential rates of innovation in the use of each of these in economic growth in Sweden from 1850 to 1950. We use a simple growth model with a nested CES production function and exogenous factor-augmenting...
Persistent link: https://www.econbiz.de/10011115878
China experienced a dramatic decline in energy intensity from the onset of economic reform in the late 1970s until 2000, but since then the rate of decline slowed and energy intensity actually increased in 2003. Most previous studies found that most of the decline was due to technological...
Persistent link: https://www.econbiz.de/10005228379
Persistent link: https://www.econbiz.de/10005228429
Persistent link: https://www.econbiz.de/10005115251