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Growth of Energy Consumption and Prices in the USA, FRG, France, and the UK, 1950-1979

机译:1950 - 1979年美国,FRG,法国和英国的能源消耗和价格增长

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This paper examines data on GDP, industrial output, energy consumption, and price of fuels and electricity in Western developed countries for the period 1950 to 1979. The study of these times series may shed some light on the relationship between the growth of GDP and energy consumption, a relationship which seems to have entered a new phase following the first oil price explosion of 1973. In particular, information on the most recent developments in energy consumption in the face of escalating prices may assist in the study of price elasticities in this new situation. Prices are taken in current values and adjusted for general inflation; they are monitored by broad sectors of the economy (industry, households, transportation) and for groups of fuel commodities and electricity. The growth of energy consumption and prices is illustrated by a set of graphs in Part I. The major observations are given in Part II. The data are presented in table form in Part III. Part IV provides concepts, definitions, and sources of the variables selected.

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