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The Energy-Income Relationship in Asian-Pacific Countries

Keywords: energy intensity , convergence , asian countries

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Abstract:

During the last decades energy consumption has increased relatively much in Asian countries as some of these countries have been fast growing economics. Measuring energy intensity as the relationship between primary energy consumption and GDP at purchasing power parities reveals that there does not seem to be significant differences between less developed Asian countries and the Industrialized countries in the region. Alternatively, a comparison of per capita energy consumption shows big differences between Asian countries, when testing for convergence in energy consumption – measured either in relation to GDP or as per capita consumption – the traditional tests β- convergence and ó-convergence) reveal some positive evidence whereas a more restrictive time series test of convergence (stochastic convergence) exhibits evidence in favour of predominantly country-specific trajectories concerning energy intensities.

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