The world energy production, consumption and productivity in the energy sector, population and the per capita growth: Regression analysis

Josheski, Dushko and Lazarov, Darko and Koteski, Cane and Sovreski V., Zlatko (2011): The world energy production, consumption and productivity in the energy sector, population and the per capita growth: Regression analysis.

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%.

• Item Type: MPRA Paper
• Language: English
• Keywords: Energy, economic growth, population, sustainable growth
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

References

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