Energy and Economic Growth: The Stylized Facts

B-Tier
Journal: The Energy Journal
Year: 2016
Volume: 37
Issue: 2
Pages: 223-256

Authors (3)

Zsuzsanna Csereklyei (not in RePEc) M. d. Mar Rubio-Varas (not in RePEc) David I. Stern (Australian National University)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We summarize what we know about energy and economic growth in a set of stylized facts. We combine analysis of a panel data set of 99 countries from 1971 to 2010 with analysis of some longer run historical data. Our key result is that over the last 40 years there has been a stable cross-sectional relationship between per capita energy use and income per capita with an elasticity of energy use with respect to income of less than unity. This implies that energy intensity has tended to decrease in countries that have become richer but not in others. We also find that over the last two centuries there has been convergence in energy intensity towards the current distribution, per capita energy use has tended to rise and energy quality to increase, and, though evidence is limited, the cost share of energy has declined.

Technical Details

RePEc Handle
repec:sae:enejou:v:37:y:2016:i:2:p:223-256
Journal Field
Energy
Author Count
3
Added to Database
2026-01-25