The stability of energy coefficients
We discuss the statistical and theoretical (in)stability of energy coefficients. There is a lack of consensus on aggregate energy coefficients. Over the long run, the relations between energy consumption and economic activities are quite robust, although short-run energy coefficients may vary greatly. Changes in average energy-output ratios are not necessarily more stable or meaningful than the long-run energy coefficients.
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- Robert S. Pindyck, 1979. "The Structure of World Energy Demand," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262661772, January.
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