The energy-GDP relationship in developing countries. Empirical evidence and stability tests

Ben Zion Zilberfarb, F. Gerard Adams

Research output: Contribution to journalArticlepeer-review

40 Scopus citations

Abstract

The elasticity of energy consumption with respect to GDP is an important element in projecting energy needs in economic development. This study uses cross section and pooled cross section time series data to find that the elasticity of energy consumption with respect to GDP in developing countries is in the neighbourhood of 1.35, and significantly above one. Over the period covered, 1970 to 1976, the relationships appear to have remained stable. There are significant differences between areas of the world, but the differences in the elasticities between different continents are not large.

Original languageEnglish
Pages (from-to)244-248
Number of pages5
JournalEnergy Economics
Volume3
Issue number4
DOIs
StatePublished - Oct 1981

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