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U. S. Energy Policy and Economic Growth, 1975-2000
Abstract
This paper presents a new approach to the quantitative analysis of U.S. energy policy, based on an integration of econometric modeling and input-output analysis. It incorporates a new methodology for assessing the impact of economic policy on both demand and supply for energy within a complete econometric model of the U.S. economy. The model consists of production models for nine industrial sectors, a model of consumer demand, and a macro-econometric growth model for the U.S. economy. The model is first used to project economic activity and energy utilization for the period 1975 to 2000 under the assumption of no change in energy policy. The model is then employed to design a tax program for stimulating energy conservation and reducing dependence on imported sources of energy. The overall conclusion of the analysis of tax policy is that substantial reductions in energy use can be achieved without economic cost.
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Citations
Cited by
Energy efficiency and consumption—The rebound effect—A survey
A. Greening, L., Greene, D. L., & Difiglio, C. (2000) · Energy Policy · doi:10.1016/s0301-4215(00)00021-5 · Cited by 2,077
The estimation of the degree of oligopoly power
Appelbaum, E. (1982) · Journal of Econometrics · doi:10.1016/0304-4076(82)90006-9 · Cited by 462
Energy—Capital substitutability/complementarity
Apostolakis, B. E. (1990) · Energy Economics · doi:10.1016/0140-9883(90)90007-3 · Cited by 139
International Evidence on Sectoral Interfuel Substitution
Serletis, A., Timilsina, G. R., & Vasetsky, O. (2010) · The Energy Journal · doi:10.5547/issn0195-6574-ej-vol31-no4-1 · Cited by 57
Metadata
- Authors
- Hudson, E. A., & Jorgenson, D. W.
- Venue
- The Bell Journal of Economics and Management Science
- Publisher
- JSTOR
- Published
- 1974
- Volume
- 5
- Issue
- 2
- Pages
- 461
- ISSN
- 0005-8556 (ISSN-L)
- OpenAlex
- W1506795951
- Cited by
- 651
- References
- 0
- FWCI
- 19.06
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: U. S. Energy Policy and Economic Growth, 1975-2000. https://app.cochat.ai/papers/10.2307/3003118
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- Hudson, E. A., & Jorgenson, D. W. (1974). U. S. Energy Policy and Economic Growth, 1975-2000. The Bell Journal of Economics and Management Science. https://doi.org/10.2307/3003118
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
