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Estimating the International GNP-Energy Relation: A Further Note

Energy enhances the productivity of capital, labor, and other factors of production, and generally promotes higher living standards. International cross-sectional studies of aggregate output per capita are often hampered by the absence of qualitatively comparable capital and labor services. And numerical measures of cross-country differences in technology are notoriously scarce, primarily because technological differences (at a macro level) are a pretty vague concept. Thus, it is often desirable to draw a simple relationship between broad international aggregates such as GNP and energy per capita.

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Energy Specializations: Energy and the Economy – Energy as a Productive Input; Energy and the Economy –Economic Growth and Energy Demand; Energy and the Economy – Resource Endowments and Economic Performance; Energy and the Economy – Energy Shocks and Business Cycles

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q43: Energy and the Macroeconomy, C51: Model Construction and Estimation, Q35: Hydrocarbon Resources, C52: Model Evaluation, Validation, and Selection

Keywords: GNP-Energy relation, Box-Cox analysis

DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-14

Published in Volume 11, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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