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- W64859816 abstract "The experts reason about the elasticity of energy demand versus national production. This is the percentage by which the energy demand increases for each point of growth in national production. For the world taken as a whole, between 1950 and 1975, elasticity was near unity; thus, the economic growth of 1% corresponded to growth of 1% in energy consumption. Although a universal, lasting relationship has never been quantified, this elasticity can be expected to diminish when the price increases. The fourfold rise in the price of oil at the end of 1973 should have had an effect in this respect. This chapter discusses the outlook for the world energy consumption, the primary energy demand in world outside Communist areas or non-Communist world (WOCA) and predicted annual energy consumption to 2025. In the final analysis, most of the studies assume that the elasticity of energy demand will decrease to 0.8 on the average between 1975 and 2000 and 0.6 between 2000 and 2025." @default.
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- W64859816 date "1979-01-01" @default.
- W64859816 modified "2023-09-27" @default.
- W64859816 title "Global Energy Demand" @default.
- W64859816 doi "https://doi.org/10.1016/b978-0-08-024225-5.50014-6" @default.
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