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Power to the PeopleEnergy in Europe over the Last Five Centuries$
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Astrid Kander, Paolo Malanima, and Paul Warde

Print publication date: 2014

Print ISBN-13: 9780691143620

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691143620.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see http://www.universitypressscholarship.com/page/privacy-policy).date: 11 December 2017

Energy and Industrial Growth

Energy and Industrial Growth

Chapter:
(p.209) Chapter Seven Energy and Industrial Growth
Source:
Power to the People
Author(s):

Malanima Paolo

Astrid Kander

Paul Warde

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691143620.003.0007

This chapter considers the role that energy played in the industrial growth in nineteenth-century Europe. The economies of Europe grew more rapidly during the nineteenth century than at any previous period in history. This was not simply a consequence of the doubling of the population; per capita income rose as well. Given these facts it is hardly surprising that energy consumption also increased dramatically. Consumption of coal seems to have been a key part of economic growth, as measured by per capita income, and cheap energy was a necessary condition of the industrial revolution. The chapter first considers how coal development blocks contributed to growth in Europe during the period before discussing a number of long-run propositions, such as the strong complementarity between energy and capital. It concludes with an assessment of the link between energy intensity and economic structure.

Keywords:   energy, industrial growth, Europe, energy consumption, coal, development blocks, capital, energy intensity, economic structure, economic growth

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