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We examine the key factors driving change in energy use globally over the past four decades. Our econometric approach is robust to the presence of unit roots, unobserved time effects, and spatial effects. We test for both strong decoupling where economic growth has less effect on energy use as...
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The size of the economy-wide rebound effect is crucial for estimating the contribution that energy efficiency … autoregressive (SVAR) model, we identify the dynamic causal impact of structural shocks, including an energy efficiency shock … rebound is around 100%. This implies that policies to encourage cost-reducing energy efficiency innovation are not likely to …
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