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America's Energy Choices - Presidential Address

Sam H. Schurr

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-1
View Abstract

Abstract:
In trying to decide on a topic for this address I found myself wavering between a talk that would review this first, eventful year in the life of our Association as opposed to a subject which would be more substantive in nature. Substance finally won out, partly be-cause of personal preference, and partly because of the advice of others. The remarkable progress of the Association is something we are all proud of, but I believe that it has been-and will continue to be-well documented in many ways familiar to all of us. The forth-coming appearance in the near future of the Association's own professional journal will be a signal event in the unfolding story of the Association's successful development.



Regional Growth and Energy Determinants: Implications for the Future

T. R. Lakshmanan

Year: 1981
Volume: Volume 2
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No2-1
View Abstract

Abstract:
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.



Energy Efficiency and Productive Efficiency: Some Thoughts Based on American Experience

Sam H. Schurr

Year: 1982
Volume: Volume 3
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol3-No3-1
View Abstract

Abstract:
I am greatly honored to be the first recipient of the IAEE awards for contributions to the literature of energy economics and for service to the profession, and I want to express my deep apprecia-tion to the membership of the Association. The awards citation was very generous. Its reference to my early work in energy economics as having made fundamental contributions to the literature makes me less apologetic than might otherwise be the case for using this occasion to revisit (and partially update) some research that was first written up in a book published more than 20 years ago. Those findings, it seems to me, carry lessons for understanding problems that confrontus today, perhaps even more so now than in the comparatively tran-quil U.S, energy setting of the mid-1950s, when my colleagues and I were originally doing the research.



The Role of Energy in Productivity Growth

Dale W. Jorgenson

Year: 1984
Volume: Volume 5
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol5-No3-2
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Abstract:
The objective of this paper is to analyze the role of energy in the growth of productivity. The special significance of energy in economic growth was first established in the classic study Energy and the American Economy 1850-1975, by Schurr and his associates (1960) at Resources for the Future. From 1920 to 1955, Schurr noted, energy intensity of production had fallen while both labor and total factor productivity were rising.' The simultaneous decline of energy intensity and labor intensity of production could not be explained solely on the basis of substitution of less expensive energy for more expensive labor. Since the quantity of both energy and labor inputs required for a given level of output had been reduced, technical change would also be a critical explanatory factor.From 1920 to 1955 the utilization of electricity had expanded by a factor of more than ten, while consumption of all other forms of energy only doubled. The two key features of technical change during this period were that (1) the thermal efficiency of conversion of fuels into electricity increased by a factor of three, and (2) "the unusual characteristics of electricity had made it possible to perform tasks in altogether different ways than if the fuels had to be used directly."2 For example, as Schurr noted, the electrification of industrial processes had led to much greater flexibility in the application of energy to industrial production.



Real Oil Prices from 1980 to 1982

Hillard G. Huntington

Year: 1984
Volume: Volume 5
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol5-No3-8
View Abstract

Abstract:
In the early 1980s, soft world oil markets were accompanied by two important and unforeseen world economic developments: stagnant economic growth and an appreciating dollar. The virtual standstill in economic growth from 1980 to 1982 was well off the 3 percent-plus growth path many analysts had anticipated. This experience, coupled with large shifts in oil inventory holdings by consumers (and perhaps increased consumer responses to oil prices), has led to a steady accumulation of unused productive capacity in the world oil market.



The Great Transition: Energy and Economic Change

Dale W. Jorgenson

Year: 1986
Volume: Volume 7
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No3-1
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Abstract:
This paper examines the interactions between energy prices and economic growth since the first world oil crisis in 1973. Its title comes from a report by the Swedish National Energy Administration. The report, which details the transition of the world economy from low-priced to high-priced energy, is an excellent overview of the interrelationships between industrialized economies and international energy markets.



Productivity Growth and Technical Change in the Generation of Electricity

Paul L. Joskow

Year: 1987
Volume: Volume 8
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-2
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Abstract:
No student of the electric power industry and its regulation can help but be troubled by the industry's recent historical record on productivity and technical change. For many years the electric power industry was one of the leading sectors of the economy in terms of productivity growth and technological innovation. This is no longer true. By almost every measure, productivity growth and technical change have virtually ceased in the past decade (or even decreased, by some estimates).



Energy and Growth: Beyond the Myths and Myopia

R.K. Pachaari

Year: 1989
Volume: Volume 10
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No1-2
View Abstract

Abstract:
This annual international conference of the IAEE, being the tenth of a series, assumes special significance. It presents, therefore, a good opportunity to introspect on how these conferences, which receive increasing attention every year (as indeed does the Association of which this is the major annual meeting), have really fared in addressing the challenges confronting the energy economics profession. This is an association whose interests span perhaps a wider range of activities than other economics associations, particularly those dealing with other sectoral subjects. Our resources and strengths place us in a unique position to make contributions far beyond the range of most professional organizations. Not only has this association in its fold several luminaries drawn from the economics profession, but we are also uniquely endowed with a range of other disciplines and skills which supplement and support the economics profession. We have leaders of business, physical scientists, engineers, lawyers, politicians and others drawn from diverse field of learning and knowledge. It is indeed laudable and heartening that we have in this conference for the first time representation from the Soviet Union. I hope their participation marks the beginning of a relationship that will grow in the years to come, and culminate very soon in the organization of an annual international meeting in the USSR.



Energy and Economic Interaction in Thailand

John C Sheerin

Year: 1992
Volume: Volume 13
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol13-No1-8
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Abstract:
The rapid rate of economic growth experienced in Thailand through the mid-1980s has been associated with an even more rapid use of energy as a factor input. This paper decomposes total change in energy into output, structural change and conservations effects. In the industrial sector, the rate of expansion in total energy inputs has been sharply reduced due to a structural change away from agricultural and manufacturing dominance and by a significant increase in the efficiency of energy use. In the household sector, the energy impacts of the expansion in the use of appliances were more than offset by the economies associated with delivered energy forms, and by other apparent adjustments in connection with higher energy costs.



Energy Consumption and Economic Activity in China

Chuanlong Tang and Sumner J. La Croix

Year: 1993
Volume: Volume14
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No4-2
View Abstract

Abstract:
This paper uses province-level cross-section data to explore the relationship between energy consumption and economic activity in China. Our key finding is that the income elasticity of energy consumption is approximately 1.0. When a province exports energy or has significant amounts of heavy industry, its energy consumption is higher. However, income elasticities are similar across energy exporting and -importing provinces. Energy consumption is lower in coastal provinces than inland provinces, but the income elasticity is higher in the rapidly developing coastal provinces. We conclude that China's economy is unlikely to become significantly more energy-intensive during the 1990s.




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