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19 May, 06:17

Explain the relationship between energy and econmic development

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  1. 19 May, 06:33
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    Due to the strong positive correlation between energy and economic growth any negative shocks to energy such as in energy prices or impact of energy conversion politics will have a negative impact on GDP. If there was an efficient energy relative to the man it will lead to fill in GDP.
  2. 19 May, 08:40
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    Due to the strong positive correlation between energy and economic growth, any negative shocks to energy, such as a rise in energy prices or the impact of energy conservation policies, will have a negative impact on GDP.
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