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Does Energy Efficiency Promote Economic Growth? [electronic resource] : Evidence from a Multi-Country and Multi-Sector Panel Data Set / Ashish Rajbhandari.

Author/Creator:
Rajbhandari, Ashish.
Other Title:
World Bank working papers.
Publication:
Washington, D.C. : The World Bank, 2017.
Series:
Policy research working papers.
World Bank e-Library.
Format/Description:
Government document
Book
1 online resource (28 p.)
Local subjects:
Energy Efficiency
Energy Intensity
Economic Growth
Panel Cointegration
Granger Causality
Vector Autoregressions
Summary:
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.
Contributor:
Rajbhandari, Ashish.
Zhang, Fan.
Other format:
Print Version: Rajbhandari, Ashish Does Energy Efficiency Promote Economic Growth?: Evidence from a Multi-Country and Multi-Sector Panel Data Set
Publisher Number:
10.1596/1813-9450-8077
Access Restriction:
Restricted for use by site license.
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