The energy representation of world GDP

TL;DR

This paper investigates how world GDP depends on current energy use and accumulated energy infrastructure, demonstrating a high-accuracy empirical relationship over more than five decades.

Contribution

It introduces an empirical model linking world GDP to energy consumption and infrastructure, validated across 1965-2018.

Findings

Strong empirical correlation between GDP and energy metrics

Model accurately fits data over 1965-2018

Highlights importance of energy infrastructure in economic output

Abstract

The dependence of world GDP on current energy consumption and total energy produced over the previous period and materialized in the form of production infrastructure is studied. The dependence describes empirical data with high accuracy over the entire observation interval 1965-2018.