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Relationship between Energy Intensity and Economic Growth : New Evidence from a Multi-Country Multi-Sector Data Set / Deichmann, Uwe.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Deichmann, Uwe.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Climate Change Mitigation and Green House Gases.
- Economic Growth.
- Economic Theory & Research.
- Environment.
- Industrial Economics.
- Industry.
- Macroeconomics and Economic Growth.
- Science and Technology Development.
- Technology Industry.
- Technology Innovation.
- Local Subjects:
- Climate Change Mitigation and Green House Gases.
- Economic Growth.
- Economic Theory & Research.
- Environment.
- Industrial Economics.
- Industry.
- Macroeconomics and Economic Growth.
- Science and Technology Development.
- Technology Industry.
- Technology Innovation.
- Physical Description:
- 1 online resource (25 pages)
- Other Title:
- Relationship between Energy Intensity and Economic Growth
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- This paper revisits the relationship between energy intensity and economic growth, using a flexible piecewise linear regression model. Based on a panel data set of 137 economies during 1990-2014, the analysis identifies a threshold effect of income growth on energy intensity change: although energy intensity is negatively correlated with income growth throughout the entire sample and study period, the declining rate significantly slows by more than 30 percent after the level of per capita income reaches USD 5,000. Based on index decomposition, the analysis also finds that although structural change is important for intensity levels in all countries, the efficiency effect is more important in higher-income countries. The results suggest that when countries move beyond lower-middle-income levels, energy efficiency policies become far more critical for sustaining the rate of improvement in energy efficiency.
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