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This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
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output gaps, and can be applied when N is large relative to T (the time dimension of the panel). The proposed test is applied … to output series in the Penn World Tables over 1950-2000, as well as to Maddion's historical series over 1870 …
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study is based on a panel model for an heterogeneous sample of 12 countries (8 OECD countries and 4 Mediterranean countries …
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