Energy and economic growth in the USA

Stern, David I.

doi:10.1016/0140-9883(93)90033-n

Cited by 658 publications

(366 citation statements)

References 30 publications

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“…In the current paper, production theory is used which was presented by Stern (1993) and presently advanced by Ghali and El-Sakka (2004), Soytas and Sari (2007) and Yuan et al (2008). Currently, the framework that we applied as follows:…”

Section: Methodsmentioning

confidence: 99%

Energy Essential in the Industrial Manufacturing in Malaysia

Bekhet¹,

Harun²

2011

IJEF

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The purpose of this paper is to examine the causality relationship between production and energy of industrial manufacturing in Malaysia. Time series data for production (Q), capital (K), labour (L) and energy (E) for the 1978-2009 period, are applied. However, production theory was used to explore the characteristics of the capital, labour and energy within time series procedures. The results of the ADF and PP tests show that all variables are stationary in the first differences, except for energy, which is stationary at second differences. Meanwhile, all variables are cointegrated at 1% significance level using CRDW test. Results show that there is unidirectional causality in the long run running from energy to the production. Therefore, energy plays an important role in the production of industrial manufacturing in Malaysia. No significant relationship between all variables appears to be in the short run.

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Section: Methodsmentioning

confidence: 99%

Energy Essential in the Industrial Manufacturing in Malaysia

Bekhet¹,

Harun²

2011

IJEF

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“…The division of the human time allocation between the dissipative side of the society and the hypercycle (following Ulanowicz [73]) is achieved through the division of the activities between the fraction generating value added, called here Paid Work (PW) and 8 Information available at: www.cammesa.com 9 For a more complete description of the fundaments of the MuSIASEM see [64,68,69,74] .…”

Section: Methodsmentioning

confidence: 99%

“…The link between energy consumption and economic growth, as well as the relevance of energy flows for economic development, has been widely studied in the economic literature from both theoretical and empirical standpoints [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17]. Understanding this relationship is particularly important from both environmental and socio-economic viewpoints, as energy consumption is crucial to economic development and human environmental impact.…”

Section: Introductionmentioning

confidence: 99%

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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The link between energy consumption and economic growth has been widely studied in the economic literature. Understanding this relationship is important from both an environmental and a socio-economic point of view, as energy consumption is crucial to economic activity and human environmental impact. This relevance is even higher for developing countries, since energy consumption per unit of output varies through the phases of development, increasing from an agricultural stage to an industrial one and then decreasing for certain service based economies.In the Argentinean case, the relevance of energy consumption to economic development seems to be particularly important. While energy intensity seems to exhibit a U-Shaped curve from 1990 to 2003 decreasing slightly after that year, total energy consumption increases along the period of analysis. Why does this happen? How can we relate this result with the sustainability debate? All these questions are very important due to Argentinean hydrocarbons dependence and due to the recent reduction in oil and natural gas reserves, which can lead to a lack of security of supply.In this paper we study Argentinean energy consumption pattern for the period 1990-2007, to discuss current and future energy and economic sustainability. To this purpose, we developed a conventional analysis, studying energy intensity, and a non conventional analysis, using the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) accounting methodology. Both methodologies show that the development process followed by Argentina has not been good enough to assure sustainability in the long term. Instead of improving energy use, energy intensity has increased. The current composition of its energy mix, and the recent economic crisis in Argentina, as well as its development path, are some of the possible explanations.

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“…When labor and capital are taken into account in the relationship, by using co-integration and Granger causality test results, there appears a unidirectional causal relationship between consumption and growth [5]. Moreover, a clear long-term equilibrium relationship is confirmed among GDP, capital investment, labor and energy consumption [6].…”

Section: Relationship Between Energy Consumption and Economy Growthmentioning

confidence: 98%

Empirical Analysis Between Economic Growth and Energy Consumption Based on the Perspective of Industrial Structure

Yehong¹,

He²

2014

TOEFJ

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Abstract:Energy is an important material basis for social and economic development. With the rapid economic development, energy is increasingly becoming an important issue of socio-economic development. As China's "twooriented society" pilots Hunan Province, a major breakthrough occurred in the transformation of economic growth, adjusting the industrial structure and promoting energy conservation and environmental protection, but still faces shortage of energy supply and demand and supply imbalances, impacting on sustainable economic development. This paper introduces the economic growth based on the previous results and summarized the relationship between energy consumption and classification; also introduces the theory of economic growth, industrial structure and related econometric models providing a theoretical basis and methods of analysis for this study. Secondly, through the relevant data collected and selected first from second and third industry time series data of economic growth and energy consumption of the 1990-2013 year of Hunan Province, the paper established econometric model of industrial structure and the relationship between energy consumption and economic growth in the analysis of the results obtained: the secondary industry is the leading cause of long-term increase in energy consumption which in turn is the driving force of the tertiary industry development. Finally, the relevant suggestions are made for industrial restructuring and for ensuring security of energy supply perspective.

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Energy and economic growth in the USA

Cited by 658 publications

References 30 publications

Energy Essential in the Industrial Manufacturing in Malaysia

Energy Essential in the Industrial Manufacturing in Malaysia

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Empirical Analysis Between Economic Growth and Energy Consumption Based on the Perspective of Industrial Structure

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