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.
Moody, C. E. Jr., "Energy Use and Technological Progress" (1976). UMR-MEC Conference on Energy. 156.
3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)
Article - Conference proceedings
Energy Analysis and Policy
© 1977 University of Missouri--Rolla, All rights reserved.
13 Oct 1976