A note on the long-run elasticities from the energy consumption-GDP relationship
The goal of this paper is to examine the long-run elasticities of the impacts of energy consumption on GDP and GDP on energy consumption. The energy consumption-GDP relationship is amongst the most popular relationships examined in the energy economics literature. The bulk of the extant literature has assumed a positive relationship between energy consumption and real GDP. Our analysis shows that in only around 60% of the countries considered the relationship is positive.
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Volume (Year): 87 (2010)
Issue (Month): 3 (March)
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