A note on the long-run elasticities from the energy consumption-GDP relationship
The goal of this paper is to examine the long-run elasticities of the impacts of energy consumption on GDP and GDP on energy consumption. The energy consumption-GDP relationship is amongst the most popular relationships examined in the energy economics literature. The bulk of the extant literature has assumed a positive relationship between energy consumption and real GDP. Our analysis shows that in only around 60% of the countries considered the relationship is positive.
Year of publication: |
2010
|
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Authors: | Narayan, Paresh Kumar ; Narayan, Seema ; Popp, Stephan |
Published in: |
Applied Energy. - Elsevier, ISSN 0306-2619. - Vol. 87.2010, 3, p. 1054-1057
|
Publisher: |
Elsevier |
Keywords: | C22 Energy consumption Real GDP Long-run |
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