Energy and Economic Growth

Why we need a new pathway to prosperity

Author: Timothy J. Foxon

Publisher: Routledge

ISBN: 1317210182

Category: Business & Economics

Page: 188

View: 9802

DOWNLOAD NOW »
Access to new sources of energy and their efficient conversion to provide useful work have been key drivers of economic growth since the industrial revolution. Western countries now need to transform their energy systems and move away from the single-minded pursuit of economic growth in order to reduce our carbon emissions, and to allow the environmental space for other countries to develop in a more sustainable way. Achieving this requires understanding of the dynamics of economic and industrial change with appreciation of the dependence of economies on ecological systems. Energy and Economic Growth thus examines the links between three issues: history of energy sources, technologies and uses; ecological challenges associated with the current dominant economic growth paradigm; and the future low carbon energy transition to mitigate human-induced climate change. Providing a historical understanding of the relevant connections between physical, social and economic changes, the book enables the reader to better understand the connection between their own energy use and global economic and environmental systems, and to be able to ask the right questions of our political and business leaders. This is a valuable resource for students, scholars and policy makers with an interest in energy, climate change and economic thinking.

Economic Growth, Energy Consumption and CO2 Emissions in Sweden, 1800-2000

Author: Astrid Kander

Publisher: N.A

ISBN: 9789122019732

Category: Business & Economics

Page: 266

View: 6711

DOWNLOAD NOW »
The PhD dissertation discusses large transformations of technologies have occurred in the Swedish economy during the last two centuries, resulting in higher income, better quality of products and changing composition of GDP. An agrarian society has given way to an industrial society and lately to a post-industrial phase. The energy supply systems have changed, from traditional energy carriers, such as firewood and muscle energy to modern carriers like coal, oil and electricity, with effects on CO2 emissions. Not only has the energy supply gone through fundamental changes, but also forest management, which affects the net emissions of CO2. The interrelations of growth, energy and CO2 are analyzed in this thesis, which uses standard calculations

The Economic Growth Engine

How Energy and Work Drive Material Prosperity

Author: Robert U. Ayres,Benjamin Warr

Publisher: Edward Elgar Publishing

ISBN: 1848445954

Category: Business & Economics

Page: 448

View: 3680

DOWNLOAD NOW »
It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam

Jobs & energy

energy and economy ...

Author: Richard Grossman,Gail Daneker,Environmentalists for Full Employment

Publisher: N.A

ISBN: N.A

Category: Business & Economics

Page: 20

View: 7640

DOWNLOAD NOW »

China's Energy Strategy

Economic Structure, Technological Choices, and Energy Consumption

Author: Xiannuan Lin

Publisher: Greenwood Publishing Group

ISBN: 9780275953065

Category: Business & Economics

Page: 203

View: 4305

DOWNLOAD NOW »
Presents findings from a research project exploring how China reduced the energy intensity of its economy in the 1980s. Combines a quantitative modeling approach with qualitative policy analysis, and reveals that the country's energy savings in the 1980s came primarily from production-technology cha

Economic growth and interfactor / interfuel substitution in Korea

Author: Stefan Georg Hunger

Publisher: GRIN Verlag

ISBN: 3638423476

Category: Business & Economics

Page: 24

View: 2721

DOWNLOAD NOW »
Seminar paper from the year 2005 in the subject Business economics - Industrial Management, grade: Very Good (Sehr Gut), University of Vienna, course: International Energy Management, 10 entries in the bibliography, language: English, abstract: South Korea, the Asian peninsula of Manchuria separating the Yellow Sea and the Sea of Japan, once known to be one of the world’s poorest agrarian societies, has undertaken economic development since 1962 what has become known as the “economic miracle on the Hangang River”. Nevertheless, Korea’s remarkable economic achievements were threatened by the Asian crisis beginning in late 1997 when the Asian tiger nations suffered from overvalued currencies and a lack of regulation in the financial system led to business incest, inflated asset values, high foreign debt and many other problems. But thanks to successful foreign debt restructuring with creditor banks, the nation is currently on track to resume economic growth. “Korea’s macroeconomic performance since the crisis has been impressive, with strong real growth, low inflation, and rapidly growing official foreign reserves.” Furthermore, since the onset of the crisis, Korea has been rapidly integrating itself into the world economy. To visualize this performance Figure 1 shows the impressive economic development of Korea since 1980 and displays the differences in growth to Taiwan and Austria. With this history as one of the fastest growing economies in the world, Korea is working to become the focal point of a powerful Asian economic bloc. As a result of this overwhelming development within the last two decades, the Korean economy, as well as many other representative developing countries, has experienced both a dramatic increase in oil consumption and an upward shift in wage rates. From a general scientific point of view the relationship between energy consumption and economic growth has been the subject of intense research over the past three decades. However, the empirical evidence is ambiguous. Although numerous studies including all different parts of the world into their analysis have investigated the causal relationship between economic development and energy consumption, it is still hard to say that findings from these studies have reached an overall consensus. However, following a recent study from Wankeun Oh from the Department of Economics at the Hankuk University of Foreign Studies in Seoul, “the empirical results for the case of Korea suggest the existence of a long run bidirectional causal relationship between energy and GDP”.

Navigating on the Titanic

Economic Growth, Energy, and the Failure of Governance

Author: Bryne Purchase

Publisher: McGill-Queen's Press - MQUP

ISBN: 155339335X

Category: Political Science

Page: 250

View: 2014

DOWNLOAD NOW »
Navigating on the Titanic outlines the brief history of economic growth and the private and public institutions - markets, corporations, households, and governments - which underpin that growth. Bryne Purchase examines mega-risks related to our economy's use of fossil fuels and specifically looks at resource depletion, energy security, and climate change - all "mega-risks" because they are both global in scope and potentially existential in impact. Focusing on North America, with a particular emphasis on the United States, Purchase's central argument is that the institutions which have produced spectacular economic growth are not capable of acting with prudence to deal with these mega-risks before they become a real danger. He identifies certain institutional design flaws that, while underwriting economic growth, leave society open to potentially catastrophic failure and reveals how these design flaws have been compounded by the stresses of the growing income inequality in society.

Peak Oil, Climate Change, and the Limits to China’s Economic Growth

Author: Minqi Li

Publisher: Routledge

ISBN: 1317820312

Category: Business & Economics

Page: 192

View: 4497

DOWNLOAD NOW »
This book studies the limits imposed by the depletion of fossil fuels and the requirements of climate stabilization on economic growth with a focus on China. The book intends to examine the potentials of various energy resources, including oil, natural gas, coal, nuclear, wind, solar, and other renewables, as well as energy efficiency. Unlike many other books on the subject, this book intends to argue that, despite the large potentials of renewable energies and energy efficiency, economic growth eventually will have to be brought to an end as China and the world undertake the transition from fossil fuels to renewable energies. China has overtaken the US to become the world’s largest energy consumer and greenhouse gas emitter. Their energy consumption is dominated by coal and China now accounts for one quarter of the world’s total carbon dioxide emissions. Moreover, China is set to become the world’s largest oil importer in the next decade. This book will consider energy development in the broader context of economic and social changes, especially the historical dynamics of the capitalist world system. Historical lessons of capitalism and socialism will be discussed. The book will evaluate the implications of ecological limits to growth on the economic system and argue that the existing capitalist system is fundamentally incompatible with ecological sustainability.

Energy Security and Sustainable Economic Growth in China

Author: S. Yao,Maria Jesus Herrerias Talamantes

Publisher: Springer

ISBN: 1137372052

Category: Business & Economics

Page: 338

View: 5353

DOWNLOAD NOW »
This book focuses on various issues of energy, energy efficiency and environmental policy in China. It discusses different aspects on how China may maintain its fast economic growth through good management of energy consumption and development of various energy sources.

Growth: Energy, the environment, and economic growth

Author: Dale Weldeau Jorgenson

Publisher: MIT Press

ISBN: 9780262100748

Category: Business & Economics

Page: 474

View: 5121

DOWNLOAD NOW »
Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration. As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling US emissions of carbon dioxide.

Economics of the Energy Industries

Author: William Spangar Peirce

Publisher: Greenwood Publishing Group

ISBN: 9780275956264

Category: Business & Economics

Page: 318

View: 5654

DOWNLOAD NOW »
An introduction to how economists analyze energy and the economic questions presented by the energy industries, including mining, coal, oil, natural gas, electric utility, and nuclear power. Peirce (economics, Case Western Reserve U.) details the markets, prices, and efficiency of energy providers,

Growth

Econometric General Equilibrium Modeling

Author: Dale W. Jorgenson

Publisher: MIT Press

ISBN: 9780262263221

Category: Business & Economics

Page: 478

View: 8388

DOWNLOAD NOW »
Volume 1: Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straitjacket imposed by calibration. As a consequence of changes in energy prices and new environmental policies, a wealth of historical experience has accumulated over the past two decades. Interpreted within the framework of the neoclassical theory of economic growth, this experience provides essential guidelines for future policy formation. Volume 2: Energy, the Environment, and Economic Growth presents a new econometric general equilibrium model of the United States that captures the dynamic mechanisms underlying growth trends and responses to energy and environmental policies. Jorgenson uses the model to analyze the impacts of environmental regulations on US economic growth and tax policies for controlling U.S. emissions of carbon dioxide.

Die Wachstumsspirale

Geld, Energie und Imagination in der Dynamik des Marktprozesses

Author: Hans Christoph Binswanger

Publisher: N.A

ISBN: 9783895189562

Category:

Page: 416

View: 828

DOWNLOAD NOW »

Wirtschaftswachstum

Author: Robert J. Barro,Xavier Sala-i-Martin

Publisher: Walter de Gruyter GmbH & Co KG

ISBN: 3486789481

Category: Business & Economics

Page: 644

View: 2761

DOWNLOAD NOW »
Exzellentes Lehrwerk zum Wirtschaftswachstum von zwei weltweit renommierten Volkswirten.

Energy, Economic Growth, and the Environment

Author: Sam H. Schurr

Publisher: Routledge

ISBN: 1135986096

Category: Business & Economics

Page: 232

View: 3807

DOWNLOAD NOW »
Authors with widely different perspectives consider two important social objectives: assuring future energy supplies and protecting the natural environment. Contributors include Kenneth Boulding, Glenn Seaborg, and Barry Commoner. Particularly useful to students and interested non-specialists. Originally published in 1972