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Energy and Development in Emerging Countries

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  • John Reilly

Abstract

Energy is an important component of the economy and is a fundamental factor of production. In general we expect its use to grow with some relationship to growth in economic activity. Empirically we see a closer relationship (higher E/GDP elasticity) in emerging economies where the energy-intensive stage of development is still in progress. Traditional fossil energy sources remain the least cost source of providing many or most energy services but present an environmental challenge. Managing the growth in energy use and its impact on the environment is a central challenge of ?green growth.? Examples of the interactions of energy development in China are used to provide a deeper understanding of these links. JEL Classification: D58, O13, Q53, Q54.

Suggested Citation

  • John Reilly, 2015. "Energy and Development in Emerging Countries," Revue d’économie du développement, De Boeck Université, vol. 23(HS), pages 19-38.
    • Handle: RePEc:cai:edddbu:edd_hs03_0019
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    More about this item

    Keywords

    energy; emerging countries; climate change; China; CO; 2; emissions; green growth; modeling;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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