France: estimates of future energy/GDP relationships
Compared with other OECD nations, France's postwar economic growth has been above average. Gross domestic product (GDP) grew at an annual rate of 4.1% in the 1970s. A high rate of new investment (fixed, nonresidential investment) was achieved during these years to bolster productivity gains. Since France depends primarily on imports for its energy supplies, energy use has become relatively efficient. Government policy emphasizes energy savings in all sectors; the E/GDP ratio increased only slightly to 1973 and thereafter fell sharply. As to the future, economic growth, as measured by GDP, is expected to moderate over the balance of this century, to a level of 2.8% annually by the 1995-2000 period. Labor force growth will decline because of decreased domestic fertility and the more restrictive immigration policy. In addition, the length of the workweek, which has remained relatively high, is expected to follow the declining trend already evident in other OECD countries. Future energy consumption is projected to rise from 6.61 Btu x 10/sup 15/ in 1976 to 9.85 Btu x 10/sup 15/ in 2000.
- Research Organization:
- Oak Ridge Associated Universities, Inc., Washington, DC (USA). Inst. for Energy Analysis
- DOE Contract Number:
- EY-76-C-05-0033
- OSTI ID:
- 5743881
- Report Number(s):
- ORAU/IEA-79-23(M)
- Country of Publication:
- United States
- Language:
- English
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