You need JavaScript to view this

Energy and economic growth in industrializing countries

Journal Article:

Abstract

This paper investigates some aspects of the interrelated paths of economic growth and energy demand, in the case of an industrializing economy, through the use of numerous econometric models. Translog functions have helped establish that income and price elasticities of energy, two critical parameters in the energy-economy interaction, exhibit falling trends with time. The value share of the industrial sector is strongly associated with both energy demand and energy intensity. Any increase in the former will lead to amplified increases in the latter, rendering the continuation of past trends in industrial expansion questionable under conditions of high energy costs. Substitution among capital, labor and energy does take place, though to a limited extent, as indicated by the aggregate measure of energy/non-energy substitution elasticity. All findings appear to suggest that energy policymaking, in an industrializing country like Greece, will be of low effectiveness until certain structural changes in the economy are realized.
Publication Date:
Jul 01, 1984
Product Type:
Journal Article
Reference Number:
EDB-85-032955
Resource Relation:
Journal Name: Energy Econ.; (United Kingdom); Journal Volume: 6:3
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ECONOMIC GROWTH; ECONOMETRICS; ENERGY DEMAND; CAPITAL; ENERGY ACCOUNTING; ENERGY POLICY; ENERGY SUBSTITUTION; GREECE; INDUSTRY; LABOR; MATHEMATICAL MODELS; STATISTICAL DATA; ACCOUNTING; DATA; DEMAND; DEVELOPING COUNTRIES; EASTERN EUROPE; ECONOMICS; ENERGY ANALYSIS; EUROPE; GOVERNMENT POLICIES; INFORMATION; NUMERICAL DATA; 530100* - Environmental-Social Aspects of Energy Technologies- Social & Economic Studies- (-1989); 290200 - Energy Planning & Policy- Economics & Sociology
OSTI ID:
6251349
Research Organizations:
Univ. of Athens, Greece
Country of Origin:
United Kingdom
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: EECOD
Submitting Site:
HEDB
Size:
Pages: 191-201
Announcement Date:
Jan 01, 1985

Journal Article:

Citation Formats

Samouilidis, J E, and Mitropoulos, C S. Energy and economic growth in industrializing countries. United Kingdom: N. p., 1984. Web.
Samouilidis, J E, & Mitropoulos, C S. Energy and economic growth in industrializing countries. United Kingdom.
Samouilidis, J E, and Mitropoulos, C S. 1984. "Energy and economic growth in industrializing countries." United Kingdom.
@misc{etde_6251349,
title = {Energy and economic growth in industrializing countries}
author = {Samouilidis, J E, and Mitropoulos, C S}
abstractNote = {This paper investigates some aspects of the interrelated paths of economic growth and energy demand, in the case of an industrializing economy, through the use of numerous econometric models. Translog functions have helped establish that income and price elasticities of energy, two critical parameters in the energy-economy interaction, exhibit falling trends with time. The value share of the industrial sector is strongly associated with both energy demand and energy intensity. Any increase in the former will lead to amplified increases in the latter, rendering the continuation of past trends in industrial expansion questionable under conditions of high energy costs. Substitution among capital, labor and energy does take place, though to a limited extent, as indicated by the aggregate measure of energy/non-energy substitution elasticity. All findings appear to suggest that energy policymaking, in an industrializing country like Greece, will be of low effectiveness until certain structural changes in the economy are realized.}
journal = {Energy Econ.; (United Kingdom)}
volume = {6:3}
journal type = {AC}
place = {United Kingdom}
year = {1984}
month = {Jul}
}