The World Energy Production, Consumption and Productivity in the Energy Sector, Population and the Per Capita Growth: Regression Analysis

11 Pages Posted: 28 Oct 2011

See all articles by Dushko Josheski

Dushko Josheski

University Goce Delcev

Darko Lazarov

University Goce Delcev

Cane Koteski

University Goce Delcev

Zlatko V. Sovreski

University Goce Delcev

Date Written: October 27, 2011

Abstract

In this paper was investigated the relationship between GDP per capita growth and Log of energy production, energy consumption per capita, the log of productivity in energy sector and population. Data covered sample for 220 countries and world regions, years covered from 1980 to 2002. The results showed that if energy consumption increases by 1% GDP per capita growth will decline by 0,57%, if energy production will rise by 1% growth will rise by 1,51%, if population rise by 1% growth will decline by 0,098%, although this coefficient is statistically here below significance. If productivity in energy sector rise by 1% growth will rise by 1,32%.

Keywords: energy, economic growth, population, sustainable growth

JEL Classification: Q43

Suggested Citation

Josheski, Dushko and Lazarov, Darko and Koteski, Cane and Sovreski, Zlatko V., The World Energy Production, Consumption and Productivity in the Energy Sector, Population and the Per Capita Growth: Regression Analysis (October 27, 2011). Available at SSRN: https://ssrn.com/abstract=1950426 or http://dx.doi.org/10.2139/ssrn.1950426

Dushko Josheski (Contact Author)

University Goce Delcev ( email )

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HOME PAGE: http://www.ugd.edu.mk/

Darko Lazarov

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia
+389 550 317 (Phone)

Cane Koteski

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia

Zlatko V. Sovreski

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia

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