TY - JOUR
T1 - The energy-GDP relationship in developing countries. Empirical evidence and stability tests
AU - Zilberfarb, Ben Zion
AU - Adams, F. Gerard
PY - 1981/10
Y1 - 1981/10
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0019680427&partnerID=8YFLogxK
U2 - 10.1016/0140-9883(81)90025-6
DO - 10.1016/0140-9883(81)90025-6
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AN - SCOPUS:0019680427
SN - 0140-9883
VL - 3
SP - 244
EP - 248
JO - Energy Economics
JF - Energy Economics
IS - 4
ER -
