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
Date Written: October 27, 2011
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
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