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Regional Growth and Energy Determinants: Implications for the Future

Energy is used in the production, transportation, and delivery of all goods and services, and is thus crucial to the welfare of a modern industrial society. Recent problems with energy, such as higher prices and the uncertainty of supplies, have consequently had adverse effects on industrial input prices, transport budgets, and the cost of living. These effects, in turn, have prompted a variety of adjustments, such as energy conservation-through reductions in energy intensity and through acquisition of energy efficient capital stock-and substitution of cheaper and more abundant fuels. Since some aspects of fuel switching lead to significant shortfalls in environmental quality, environmental considerations may constrain future energy developments.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Natural Gas – Policy and Regulation; 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: Q40: Energy: General, Q41: Energy: Demand and Supply; Prices, Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

Keywords: Regional growth, Energy policy, Energy determinants, forecasting

DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No2-1

Published in Volume 2, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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