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This paper evaluates convergence of energy intensities for a group of 97 countries in the period 1971-2003. Convergence … growth convergence. Journal of Econometrics 138, 312-355.] based on the stochastic convergence criterion. Main advantages of … this method are that results do not depend on a benchmark against which convergence is assessed, and that it is more robust …
Persistent link: https://www.econbiz.de/10012706669
We present a detailed analysis of energy intensity developments across 23 service sectors in 18 OECD countries over the period 1980-2005. We find that the shift towards a service economy has contributed to lower overall energy intensity levels in the OECD, but this contribution would have been...
Persistent link: https://www.econbiz.de/10010224782
This study investigates changes in the relationship between oil prices and the US economy from a long-term perspective. Although neither of the two series (oil price and GDP growth rates) presents structural breaks in mean, we identify different volatility periods in both of them, separately....
Persistent link: https://www.econbiz.de/10011649469
growth phases. Results show that expansionary regimes are associated with convergence and positive correlation between growth …
Persistent link: https://www.econbiz.de/10011412222
Persistent link: https://www.econbiz.de/10011736829
The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of economic growth formulated by Cass (1965) and Koopmans (1967). The long-run properties of economic growth models are independent of energy and environmental policies. However,...
Persistent link: https://www.econbiz.de/10014025283
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10013053065
The iron and steel industry is one of the most carbon emitting and energy consuming sectors in Europe. At the same time this sector is of high economic importance for the European Union. Therefore, while public environmental and energy policies target this sector, there is political concern that...
Persistent link: https://www.econbiz.de/10010225378
The iron and steel industry is one of the most carbon emitting and energy consuming sectors in Europe. At the same time this sector is of high economic importance for the European Union. Therefore, while public environmental and energy policies target this sector, there is political concern that...
Persistent link: https://www.econbiz.de/10010204039
In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...
Persistent link: https://www.econbiz.de/10010350476