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An Assessment of Future Energy Demand in Developing Countries

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  • WEN S. CHERN

Abstract

The statistical data show that the rapid growth in oil and energy demand in less‐developed countries (LDCs) can be attributed to the rapid growth in gross domestic products (GDP) and the relatively high energy intensity in LDCs. The statistical analysis confirms that the GDP elasticities of aggregate energy and oil demand are high and the energy price elasticities are relatively low for the 15 LDCs studied. The projection shows that the future oil and aggregate energy demands are likely to increase at fairly rapid rates in LDCs. Furthermore, there are reasons to believe that these high growth rates may be sustained.

Suggested Citation

  • Wen S. Chern, 1985. "An Assessment of Future Energy Demand in Developing Countries," Natural Resources Forum, Blackwell Publishing, vol. 9(4), pages 303-310, November.
    • Handle: RePEc:wly:natres:v:9:y:1985:i:4:p:303-310
    DOI: 10.1111/j.1477-8947.1985.tb01074.x
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