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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, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 27 June 2022

Energy and Industrial Growth

Energy and Industrial Growth

(p.209) Chapter Seven Energy and Industrial Growth
Power to the People

Malanima Paolo

Astrid Kander

Paul Warde

Princeton University Press

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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