Energy and economic growth in industrializing countries. The case of Greece

Samouilidis, J-E; Mitropoulos, CS

dc.contributor.author	Samouilidis, J-E	en
dc.contributor.author	Mitropoulos, CS	en
dc.date.accessioned	2014-03-01T01:06:16Z
dc.date.available	2014-03-01T01:06:16Z
dc.date.issued	1984	en
dc.identifier.issn	0140-9883	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/9274
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0021644999&partnerID=40&md5=6c5982048d873d98c7465981bc8dbf94	en
dc.subject	Energy-economy interactions	en
dc.subject	Greece	en
dc.subject	Industrializing countries	en
dc.subject.classification	Economics	en
dc.title	Energy and economic growth in industrializing countries. The case of Greece	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1984	en
heal.abstract	This paper investigates some aspects of the interrelated paths of economic growth and energy demand, in the case of an industrializing economy, through the use of numerous econometric models. Translog functions have helped establish that income and price elasticities of energy, two critical parameters in the energy- economy interaction, exhibit falling trends with time. The value share of the industrial sector is strongly associated with both energy demand and energy intensity. Any increase in the former will lead to amplified increases in the latter, rendering the continuation of past trends in industrial expansion questionable under conditions of high energy costs. Substitution among capital, labour and energy does take place, though to a limited extent, as indicated by the aggregate measure of energy/non-energy substitution elasticity. All findings appear to suggest that energy policymaking, in an industrializing country like Greece, will be of low effectiveness until certain structural changes in the economy are realized. © 1984.	en
heal.publisher	BUTTERWORTH-HEINEMANN LTD	en
heal.journalName	Energy Economics	en
dc.identifier.isi	ISI:A1984TA40000005	en
dc.identifier.volume	6	en
dc.identifier.issue	3	en
dc.identifier.spage	191	en
dc.identifier.epage	201	en