Premium
ENERGY AND GDP
Author(s) -
Dincer Ibrahim,
Dost Sadik
Publication year - 1997
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/(sici)1099-114x(199702)21:2<153::aid-er227>3.0.co;2-z
Subject(s) - per capita , gross domestic product , energy consumption , economics , goods and services , primary energy , energy supply , energy intensity , consumption (sociology) , real gross domestic product , population , agricultural economics , energy (signal processing) , economic growth , economy , econometrics , engineering , statistics , demography , mathematics , social science , sociology , electrical engineering
Understanding of the role of energy use at the national level requires the understanding of the relationship of energy use to economic activity and social well‐being. Gross domestic product (GDP) measures the value of goods and services produced in a country in one year. There is a close relationship between energy supply, energy consumption, and GDP, which indicates the economic development of a country. The living standard of a country is often measured by the per capita GDP. This article presents the evaluations and future projections of energy and energy resources of the Organization for Economic Cooperation and Development (OECD). The total primary energy supply, total final energy consumption, and energy intensities for supply and consumption are analysed. The energy data for all OECD countries are presented and analyses of the differences in energy and GDP ratios are conducted at an aggregate level by examining differences in the factors that affect the energy intensities. To provide accurate projections for the future, new correlations are developed between average GDP, total primary energy supply, total final consumption, total per capita primary energy supply, total per capita final consumption and total OECD population. © 1997 by John Wiley & Sons, Ltd.