Jimenez, Raul; Mercado, Jorge - In: Energy Economics 42 (2014) C, pp. 161-171
through the synthetic control method. When analyzed by income level, energy intensity has decreased in a range between 40 and … 54% in low and medium income countries respectively. Efficiency improvements drive these changes, while the structural … effect does not represent a clear source of change. The regression analysis shows that per capita income, petroleum prices …