| ID | 113461 |
| Title Proper | Breaks and trends in OECD countries' energy-GDP ratios |
| Language | ENG |
| Author | Liddle, Brantley |
| Publication | 2012. |
| Summary / Abstract (Note) | This paper uses the econometrics of endogenous structural breaks to examine changes in energy intensity trends for OECD countries over 1960-2009. Nearly all OECD countries currently have significant negatively trending energy-GDP ratios; but for several countries those negative trends are recent, and two countries have recent significant positive trends. For several countries, energy intensity had a significant positive trend followed by a break and then a significant negative trend. Those break-dates, however, appear to have little to do with level of development (GDP per capita). Alternatively, the volatile energy prices of the 1970s and early 1980s played a role in many of the countries that experienced inverted-V breaks. These findings have implications for future modeling and forecasting of energy consumption as well as for the role of energy price policy in developed and developing countries. |
| `In' analytical Note | Energy Policy Vol. 45; Jun 2012: p.502-509 |
| Journal Source | Energy Policy Vol. 45; Jun 2012: p.502-509 |
| Key Words | Energy Intensity ; Endogenous Structural Breaks ; Oil Crises |