IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-62631-7_6.html
   My bibliography  Save this book chapter

The Causality Link between Energy Prices, Technology and Energy Intensity

In: The Econometrics of Energy Systems

Author

Listed:
  • Marie Bessec
  • Sophie Méritet

Abstract

This chapter deals with a field of renewed interest in energy economics: the relationship between energy prices and energy intensity, which is measured by the ratio of final energy consumption to total output (GDP).1 For years, economic papers have been studying energy intensity through the decomposition of the energy demand (Wing and Eckaus, 2004, and Liu, 2005). The link between energy prices and energy intensity has not really been analysed and is nowhere nearly as well established as other relations. A third variable, technological progress, may interfere in this relation. In a first analysis, it appears that technological changes can be stimulated by energy price increases and more efficient equipment reduces the energy demand. At the same time, an increase of energy demand is possible through a change in habits of consumption (changes in energy services, or energy use, and so forth). The causality link is complicated by this variable technology and its effects on energy consumption.

Suggested Citation

  • Marie Bessec & Sophie Méritet, 2007. "The Causality Link between Energy Prices, Technology and Energy Intensity," Palgrave Macmillan Books, in: Jan Horst Keppler & Régis Bourbonnais & Jacques Girod (ed.), The Econometrics of Energy Systems, chapter 6, pages 121-145, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62631-7_6
    DOI: 10.1057/9780230626317_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-62631-7_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.