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Intangible capital and sectoral energy intensity: Evidence from 40 economies between 1995 and 2007

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  • Yang, Shenglang
  • Shi, Xunpeng

Abstract

Intangible capital has been found to be an increasingly important source of productivity and economic growth. However, its effects on energy intensity have received little attention. Given the importance of reducing energy intensity, this study advances the understanding of the relationship between intangible capital and sectoral energy intensity by taking advantage of a rich dataset of 40 economies derived from the World Input-Output Database (WIOD), spanning across 13 years (1995–2007). A relatively robust causal relationship between intangible capital and sectoral energy intensity has been identified. The qualitative and quantitative interactions of this relationship with income level and sectoral heterogeneity have also been revealed.

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  • Yang, Shenglang & Shi, Xunpeng, 2018. "Intangible capital and sectoral energy intensity: Evidence from 40 economies between 1995 and 2007," Energy Policy, Elsevier, vol. 122(C), pages 118-128.
    • Handle: RePEc:eee:enepol:v:122:y:2018:i:c:p:118-128
    DOI: 10.1016/j.enpol.2018.07.027
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    More about this item

    Keywords

    Intangible capital; Energy intensity; Sectoral level; World Input Output Database;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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