Journal
ENERGY
Volume 76, Issue -, Pages 254-263Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.energy.2014.07.093
Keywords
Energy demand; Income and price elasticities; Structural; Demographic; Technological and temperature changes; Cross section dependence
Categories
Funding
- Cambridge Centre for Climate Change Mitigation Research (4CMR) at the University of Cambridge
Ask authors/readers for more resources
This paper analyzes key factors that led to rising global energy demand in recent decades. In addition to income and price elasticities traditionally examined, this research takes into account the effects of structural, demographic, technological and temperature changes on energy demand. Using newly developed panel data techniques allowing for spatial error and/or spatial lag dependence, this research finds evidence for the existence of spatial lag dependence, a positive but declining income elasticity, a negative price elasticity, and the significant effects of industry/service value added, urbanization and technical innovations on energy demand. This research has important implications for public policies that aim to encourage energy savings, develop service sector and promote energy-efficient technologies towards a sustainable energy future. (C) 2014 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available