Abstract

In conclusion, the evidence seems to be consistent with the hypotheses that energy is not an omitted variable in the value added production function, that energy use is associated with but not a prerequisite for productivity growth, that technological progress can be energy saving as well as energy using, and that increasing output measured as real GNP can be achieved with a less than proportionate increase in energy use.

Meeting Name

3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)

Document Type

Article - Conference proceedings

Session

Energy Analysis and Policy

Document Version

Final Version

File Type

text

Language(s)

English

Rights

© 1977 University of Missouri--Rolla, All rights reserved.

Publication Date

13 Oct 1976

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