Reexamination of the causal relationship between energy consumption and gross national product
- Planergy, Inc., Austin, TX (United States)
Previous studies of the causal relationships between total energy consumption and gross national product (GNP) in a national economy have measured energy consumption based on an aggregation of the heat content of different energy resources. This approach fails to recognize that different energy resources have different form values, which affect their market value and possible contribution to economic productivity and growth. A Divisia approach to measuring energy consumption may be superior to an aggregate based upon heat content when conducting tests to detect causal relationships between energy consumption and GNP. An example test using data for the US economy confirms that the results are indeed sensitive to the approach used to measure energy consumption.
- OSTI ID:
- 569791
- Journal Information:
- Journal of Energy and Development, Vol. 21, Issue 2; Other Information: PBD: Spr 1996
- Country of Publication:
- United States
- Language:
- English
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