Language:
English
Pages:
1 Online-Ressource (28 p)
Series Statement:
World Bank E-Library Archive
Parallel Title:
Erscheint auch als Rajbhandari, Ashish Does Energy Efficiency Promote Economic Growth?: Evidence from a Multi-Country and Multi-Sector Panel Data Set
Abstract:
This paper examines the causal relationship between energy efficiency and economic growth based on panel data for 56 high- and middle-income countries from 1978 to 2012. Using a panel vector autoregression approach, the study finds evidence of a long-run Granger causality from economic growth to lower energy intensity for all countries. The study also finds evidence of long-run bidirectional causality between lower energy intensity and higher economic growth for middle-income countries. This finding suggests that beyond climate benefits, middle-income countries may also earn an extra growth dividend from energy efficiency measures
DOI:
10.1596/1813-9450-8077
URL:
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