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Energy and Economic Development: An Assessment of the State of Knowledge

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Author Info
Toman, Michael
Jemelkova, Barbora

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Abstract

Energy development is an integral part of enhanced economic development. The fact that expanded provision and use of energy services is strongly associated with economic development leaves open how important energy is as a causal factor in economic development, however; and energy development competes with other opportunities for scarce capital and opportunities for policy and institutional reform. In this paper we first give a brief conceptual discussion that seeks to identify the channels through which increased availability of energy services might be a key to stimulating economic development along different stages of the development process. We then examine some empirical work to see what evidence it might provide regarding possible channels of influence. The evidence underscores the importance of energy development in concert with other forms of development. More work is needed to better understand the magnitude of energy’s importance for economic development.

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Paper provided by Resources For the Future in its series Discussion Papers with number dp-03-13.

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Date of creation: 01 Apr 2003
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Handle: RePEc:rff:dpaper:dp-03-13

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Related research
Keywords: energy; economic development; productivity; poverty alleviation;

Find related papers by JEL classification:
Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lopez Ramon, 1994. "The Environment as a Factor of Production: The Effects of Economic Growth and Trade Liberalization," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 163-184, September. [Downloadable!] (restricted)
  2. Paul L. Joskow & Richard Schmalensee, 1988. "Markets for Power: An Analysis of Electrical Utility Deregulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262600188.
  3. Jorgenson, Dale W, 1981. " Energy Prices and Productivity Growth," Scandinavian Journal of Economics, Blackwell Publishing, vol. 83(2), pages 165-79.
  4. Sam H. Schurr, 1982. "Energy Efficiency and Productive Efficiency: Some Thoughts Based on American Experience," The Energy Journal, International Association for Energy Economics, vol. 3(3), pages 3-14.
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  1. David I. Stern & Cutler J. Cleveland, 2004. "Energy and Economic Growth," Rensselaer Working Papers in Economics 0410, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  2. Theodoros Zachariadis, 2006. "On the exploration of casual relationship between energy and economy," University of Cyprus Working Papers in Economics 5-2006, University of Cyprus Department of Economics. [Downloadable!]
  3. Jaruwan Chontanawat & Lester C. Hunt & Richard Pierse, 2006. "Causality between Energy Consumption and GDP: Evidence from 30 OECD and 78 Non-OECD Countries," Surrey Energy Economics Centre (SEEC), Department of Economics Discussion Papers (SEEDS) 113, Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey. [Downloadable!]
  4. Roselyne Joyeux & Ronald D. Ripple, 2004. "The Evaluation of Standard of Living and the Role of Household Electricity Consumption - A Panel Cointegration Analysis," Research Papers 0410, Macquarie University, Department of Economics. [Downloadable!]
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This page was last updated on 2009-11-26.

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