Dear respected colleagues,
Kindly help me dissect this postulation and submission below. Can this argument be correct ? "Energy production does not grow economy, but energy consumption does...". How possible is this assertion?
Dear Colleague:
I am very skeptical of such general statements. They sound very good and render those who make use of them look very good because of having put together the problems of the world in one slogan. You should have better taken a look at the different societies, political systems etc. The current political turmoil in Venezuela one of the countries in the world well endowed with hydrocarbon deposits vindicate this statement, while the countries along the Trucial Coast would contradict this statement. In this case the political and social systems are very much different from each other and they have a much greater say than the energy resources. There are energy producing countries such as Norway which exert a rather perspective strategy and use the current production of energy to establish industries in new technologies. The quintessence is, you have to treat each country as a separate entity and take into consideration a wide range of aspects before you create a general statement like that.
H.G.Dill
The link between economic growth and energy consumption is key to energy policies. It is recognized that energy consumption and economic growth are related, but the direction of this relationship is not always clear, for example, when does a country’s economic growth stimulate energy consumption or when does increased energy consumption of a country promote its economic growth. There are many research papers on searching the relationship between energy consumption and economic growth with mixed findings: https://www.academia.edu/31534857/ECONOMIC_GROWTH_AND_ENERGY_CONSUMPTION_FOR_OECD_COUNTRIES https://www.researchgate.net/publication/316961845_Economic_Growth_and_Energy_Consumption_for_OECD_Countries https://s3.amazonaws.com/academia.edu.documents/38750357/research_paper_1.pdf?AWSAccessKeyId=AKIAIWOWYYGZ2Y53UL3A&Expires=1548919065&Signature=Zhm7bSYwU6Ean6FyVAF0gFjyaIA%3D&response-content-disposition=inline%3B%20filename%3DResearch_paper_1.pdf http://www.scielo.org.pe/scielo.php?script=sci_arttext&pid=S2077-18862017000100006 http://www.econjournals.com/index.php/ijeep/article/view/4007/2665 https://www.jois.eu/files/4.pdf
I want to thank the Professors emeritus for their wealth of knowledge and contributions to this topic. Many thanks to Prof. Harald G. Dill and Prof. Florian Glodeanu
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