{"product_id":"lets-get-rich-to-save-energy-von-xabier-palacio-eraso","title":"Let's Get Rich to Save Energy","description":"\u003cp\u003eThis paper studies the relationship between  electricity consumption per person and income  (measured as GDP per capita in Current US$ and GNI  per capita in PPP). It follows the latest  methodology researched in the literature and tests  for distribution equality, correlation, outlier  detection, fixed effects and the addition of new  variables. An inverted U-relationship could be found  for GNI per capita in all the tests, but not for GDP  per capita in all specifications. Data was subject  to outlier detection and adjustments for fixed  effects for both cross-section and period.  Furthermore alternative specifications were  analyzed, illustrating how the inverted U- relationship can be explained with the addition of  GNI per capita into the general model up to the  fourth power without losing its shape, showing a  turning point in electricity consumption at a level  of $38,630, with a 95% confidence interval of ±$123.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783843366014\"\u003e\u003ch3\u003ean Inverted \"U-Relationship\" between Electricity Consumption and Income\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783843366014","offer_id":54103093870917,"sku":"9783843366014","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/51f4aa4e-c1ca-4453-9feb-73ccd67ef091.jpg?v=1741418013","url":"https:\/\/shop.autorenwelt.de\/products\/lets-get-rich-to-save-energy-von-xabier-palacio-eraso","provider":"Autorenwelt Shop","version":"1.0","type":"link"}