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Materials, Energy And Economic Growth

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  • S. VICTOR RADCLIFFE

Abstract

While materials and energy are only two of the many factors necessary to support economic activity, it is frequently claimed that special relationships exist between these two resources. This article examines the evidence for and against the existence of correlations between the supply of energy and the availability of materials and how they relate to economic growth. Principal characteristics of past energy and materials use are examined in terms of national, industrial and materials consumption, and then the most significant factors determining past behaviour are examined in terms of the same sectoral breakdowns. Data included in the study are from the United States for the period from 1900 to the present and from 1960 to the present for a number of other industrialized countries. The article concludes that the energy‐materials correlation is close only at the industrial level, and that this relationship could be of use in predicting future consumption trends. Quoique les matières premières et l'énergie représentent seulement deux des nombreux facteurs nécessaires à l'activité économique, l'on dit souvent qu'il existe une relation particulière entre les deux. Cet article examine les raisons pour et contre l'existence des relations entre la fourniture d'énergie et la disponibilité des matières premières ainsi que la façon dont elles se relient à la croissance économique. Les caractéristiques principales de l'utilisation de l'énergie et des matières premières sont étudiées en fonction de la consommation nationale, industrielle et des matières premières. Les facteurs qui ont eu le plus d'influence dans le passé sont examines par secteurs. Les éléments de l'étude concernent les Etats‐Unis pour la période 1900 à nos jours et, pour un certain nombre de pays industrialises, de 1960 à maintenant. Les conclusions de l'article sont que la relation énergie‐matières premières est étroite au niveau industriel seulement et que cette relation pourrait être utilisée dans la prévision de la tendance de la consommation. Aunque energía y materias primas son sólo dos de los muchos factores necesarios para la actividad económics, generalmente se supone que existen relaciones especiales entre estos dos recursos. Este artículo examina las evidencias en favor y en contra de la existencia de correlaciones entre suministro de energía y disponibilidad de materias primas y como ellos se relacionan con el crecimiento económico. Las características principales del uso de materias primas y energía en el pasado son examinados en términos de consumo nacional e industrial; luego se examinan los factores más signifacativos que determinaron en el pasado su comportamiento de acuerdo a la misma clasificación sectorial. La información incluida en el estudio corresponde a Estados Unidos para el periodo 1900 al presente, y de 1960 al presente para un número de otors países industrializados. El artículo concluye que la correlación materias‐energía es fuerte sólo a nivel industrial y que esta relación puede ser usada para predecir las tendencies futuras de consumo.

Suggested Citation

  • S. Victor Radcliffe, 1980. "Materials, Energy And Economic Growth," Natural Resources Forum, Blackwell Publishing, vol. 4(4), pages 375-401, October.
  • Handle: RePEc:wly:natres:v:4:y:1980:i:4:p:375-401
    DOI: 10.1111/j.1477-8947.1980.tb00997.x
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    1. Roger W. Spencer, 1972. "The economy in 1972," Review, Federal Reserve Bank of St. Louis, vol. 54(Feb), pages 2-12.
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