Abstract
The essential role that electricity is seen to play in the development of society results in substantial market and associated nonmarket benefits. Examination of the relationship between total energy consumption and wealth creation and between electricity generation and wealth creation suggests that the benefits of electricity generation are at least of the same order of magnitude as economic development itself. The authors discuss spatial, temporal and statistical analyses of electricity generation and wealth creation.
| Original language | English |
|---|---|
| Pages (from-to) | 255-259 |
| Number of pages | 5 |
| Journal | Engineering Science and Education Journal |
| Volume | 6 |
| Issue number | 6 |
| DOIs | |
| Publication status | Published - Dec 1997 |
| Externally published | Yes |
Keywords
- spatial analysis
- nonmarket benefits
- temporal analysis
- economic development
- wealth creation
- statistical analysis
- market benefits
- total energy consumption
- electricity generation benefits
