Journal ArticleDOI
Accounting for growth: the role of physical work
Robert U. Ayres,Benjamin Warr +1 more
TLDR
In this article, the authors developed a formal model (Resource-EXergy Service or REXS) based on these ideas and demonstrated that if raw energy inputs are included with capital and labor in a Cobb-Douglas or any other production function satisfying the Euler (constant returns) condition, the 100-year growth history of the US cannot be explained without introducing an exogenous "technical progress" multiplier (the Solow residual) to explain most of the growth.About:
This article is published in Structural Change and Economic Dynamics.The article was published on 2005-06-01. It has received 366 citations till now. The article focuses on the topics: Growth accounting & Solow residual.read more
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Carbon Democracy: Political Power in the Age of Oil
TL;DR: Carbon Democracy as discussed by the authors argues that no nation escapes the political consequences of our collective dependence on oil, and argues that the oil-based forms of modern democratic politics have become unsustainable, while governments everywhere appear incapable of addressing the crises that threaten to end the age of carbon democracy.
BookDOI
Global Energy Assessment: Toward a Sustainable Future
TL;DR: The Global Energy Assessment (GEA) as mentioned in this paper brings together over 300 international researchers to provide an independent, scientifically based, integrated and policy-relevant analysis of current and emerging energy issues and options.
Journal ArticleDOI
The Economics of Ecosystems and Biodiversity: Recent Instances for Debate
TL;DR: In this article, the authors review several approaches to include economic considerations in biodiversity conservation, and show cases where monetary valuation is relevant and other cases where it is controversial and even counterproductive, as it undermines the objectives of conservation.
Journal ArticleDOI
Consumption and the Rebound Effect: An Industrial Ecology Perspective
TL;DR: In this paper, the authors identify technical spillover effects, such as negative side effects and negative co-benefits, of measures directed to solve one type of problem, but do not take into account these other effects.
Journal ArticleDOI
Jevons’ Paradox revisited: The evidence for backfire from improved energy efficiency
TL;DR: The evidence in favour of ''Jevons Paradox'' is far from conclusive, but it does suggest that economywide rebound effects are larger than is conventionally assumed and that energy plays a more important role in driving productivity improvements and economic growth than is conventional assumed as mentioned in this paper.
References
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Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Book ChapterDOI
Investigating causal relations by econometric models and cross-spectral methods
TL;DR: In this article, it is shown that the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.
Posted Content
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Journal ArticleDOI
Technical change and the aggregate production function
TL;DR: In this article, the authors proposed a method to improve the performance of the system by using the information of the user's interaction with the system and the system itself, including the interaction between the two parties.