Does Energy Efficiency Promote Economic Growth? [electronic resource] : Evidence from a Multi-Country and Multi-Sector Panel Data Set / Ashish Rajbhandari.
- Other Title:
- World Bank working papers.
- Washington, D.C. : The World Bank, 2017.
- Policy research working papers.
World Bank e-Library.
- Government document
1 online resource (28 p.)
- Local subjects:
- Energy Efficiency
- 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.
- Rajbhandari, Ashish.
- 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:
- Access Restriction:
- Restricted for use by site license.
|Location||Notes||Your Loan Policy|
|Description||Status||Barcode||Your Loan Policy|