Gertler, Paul; Wolfram, Catherine; Shelef, Orie - National Bureau of Economic Research (NBER) - 2012
Most of the medium-run growth in energy demand is forecast to come from the developing world, which consumed more total … units of energy than the developed world in 2007. We argue that the main driver of the growth is likely to be increased … acquire appliances, such as refrigerators, and vehicles for the first time. These new goods require energy to use and energy …