Abstract
This paper analyses the the role of energy consumption in countries with heterogeneous development paths. Energy is a fundamental input in human activities and there is a broad literature attesting the link between economic growth and energy use, even though the relationship is far from linear. We examine how the trajectory of energy consumption and development varies depending on the definition of development adopted, comparing classic GDP, adjusted net national income, life expectancy and the human development index in different regions of the world. Applying a pooled mean-group estimator in a dynamic auto-regressive distributed lag model for 127 countries over the period 1970-2016, we find that energy plays a different role in fuelling short and long-run development, depending on the area of the world, and it is crucial to distinguish different measures of development to capture effects that can even move in opposite directions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
