Electricity use and economic development

Ferguson, R. B.; Wilkinson, W.L.; Hill, R.

doi:10.1016/s0301-4215(00)00081-1

Cited by 317 publications

(131 citation statements)

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“…Ferguson et al (2000) have studied the interdependences between electricity usage and economic growth in over 100 countries, and found that, as a whole, there is a strong correlation between these variables. Shiu and Lam (2004) countries (the largest economies in the world).…”

Section: Literature Overviewmentioning

confidence: 99%

The electricity consumption versus economic growth of the Polish economy

Gurgul

2012

Energy Economics

109

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The aim of this contribution is an investigation of causal interdependences between electricity consumption and GDP in Poland. Our research was conducted for total electricity consumption as well as for the industrial consumption of electricity. In order to reflect the causality between GDP and electricity consumption properly we performed our investigations in a three-dimensional framework with employment chosen as an additional variable. We used reliable quarterly data from the period Q1 2000 -Q4 2009. In order to check the stability of the causalities the investigations were performed on two samples: a full sample and a pre-crisis (i.e. Q1 2000 -Q3 2008) subsample. We applied both traditional methods as well as some recently developed econometric tools.We found feedback between total electricity consumption and GDP as well as between total electricity consumption and employment. We also found unidirectional causality running from industrial electricity consumption to employment and no direct causal links between industrial electricity consumption and GDP. In addition, all these findings were, in general, not seriously affected by the financial and economic crisis of 2008. A significant exception is the causal effect of industrial electricity consumption on employment, which was more pronounced after the crisis of 2008.

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Section: Literature Overviewmentioning

confidence: 99%

The electricity consumption versus economic growth of the Polish economy

Gurgul

2012

Energy Economics

109

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“…The relationship between electricity consumption and economic growth also varies across the income levels of countries (Yoo and Kwak, 2010). Similarly, Ferguson et al (2000) reported that the relationship between electricity consumption and economic growth is stronger in high-income countries.…”

Section: Introductionmentioning

confidence: 96%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

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Abstract:This study uses the data from 157 countries from 1960 to 2014 to analyze the relationship between economic growth, electricity consumption, oil prices, capital, and labor. The economic growth of developing countries with industrial infrastructure has a more significant association with electricity consumption than oil prices. We use oil prices and electricity consumption jointly to study highly predictive observations for economic growth. The data are categorized by income, OECD and regional levels. The panel cointegration, long-run parameter estimation, and Pool Mean Group testsare used to analyze the cointegration and short-run and long-run relationships between the variables. The empirical results indicate the presence of cointegration between the variables. The presence of feedback effects between electricity consumption and economic growth, oil prices and economic growth is valid. These findings confirm that inspite of the oil prices, developing countries rely heavily on electricity consumption for economic growth. In the short run, growth and feedback effects suggest that more vigorous electricity policies should be implemented to attain sustainable economic growth for the long-term.

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“…In the past there has always been a strong correlation between economic growth and electricity consumption. The correlation is very strong for developed countries, while in developing countries there is a stronger dependence of primary energy demand on economic growth [1]. This shows that electricity gains importance as a final energy carrier with the economic development of a country.…”

Section: Future Electricity Consumptionmentioning

confidence: 98%

Nuclear fusion and renewable energy forms: Are they compatible?

Hamacher

Huber

Dorfner

et al. 2013

Fusion Engineering and Design

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Nuclear fusion can be considered as a base-load power plant technology: High investment costs and limited operational flexibility require continuous operation. Wind and solar, on the other hand, as the putative main pillars of a future renewable energy system, are intermittent power sources. The resulting variations that occur on many different time scales require at first sight a rather flexible back-up system to balance this stochastic behavior. Fusion would appear not to be well suited for this task. The situation changes, however, if a large-scale renewable energy system is envisaged based on a transnational, or even transcontinental power grid. The present paper discusses a possible European power system in the year 2050 and beyond. A high percentage share of renewable energies and a strong power grid spanning the whole of Europe and involving neighboring countries, in particular those in North Africa, are assumed. The linear programming model URBS is used to describe the power system. The model optimizes the overall system costs and simulates power plant operation with an hourly resolution for one whole year. The geographical resolution is at least at the country level. The renewable technologies are modeled first on a more local level and then summed together at the country or regional level. The results indicate that the smoothing effects of the large-scale power grid transform the intermittent renewable supply, which is then more compatible with base-load power plants such as fusion reactors.

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Electricity use and economic development

Cited by 317 publications

References 1 publication

The electricity consumption versus economic growth of the Polish economy

The electricity consumption versus economic growth of the Polish economy

Dynamics of electricity consumption, oil price and economic growth: Global perspective

Nuclear fusion and renewable energy forms: Are they compatible?

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