Saturday, October 24, 2009
Energy Intensity Again
There is a stronger relationship between energy intensity of GDP and GDP per capita when you plot both of them using ordinary exchange rates http://stochastictrend.blogspot.com/2009/09/energy-intensity.html">rather than purchasing power parity adjusted exchange rates:I think that the relationship is mainly due to the tendency for currencies to overvalued relative to purchasing power parity in
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Energy
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