کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063791 1476702 2017 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The convergence of U.S. state-level energy intensity
ترجمه فارسی عنوان
همگرایی شدت انرژی ایالات متحده در سطح ایالات متحده
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
چکیده انگلیسی


- Study develops an economic growth model that incorporates energy usage.
- The empirical model is derived directly from the theoretical model.
- The empirical framework is formulated as a dynamic panel data model.
- Study uses a two-step GMM model to estimate conditional rates of convergence.
- The estimates indicate robust convergence in energy intensity.
- Energy usage plays a small but positive role in economic convergence.

This study extends a neoclassical growth model to include the accumulation of physical capital and energy consumption within a panel of fifty states (plus the District of Columbia) in the U.S. The theoretical model allows us to examine the implications for convergence in economic growth and energy intensity. From the theoretical model, we formulate an empirical approach using a dynamic panel model that is estimated using a general method of moments framework to test the conditional rates of convergence. The empirical results indicate convergence in energy intensity, and our estimates accurately predict both the growth in and convergence of energy intensity across our entire sample. Consistent with other findings in the literature, our results imply that energy use, over the past four decades, plays a small and positive role in state-level, per capita economic growth and convergence. Based on these results, we discuss policy implications for state-level income growth and energy consumption.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 62, February 2017, Pages 357-370
نویسندگان
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