economic system are pointed out. The output elasticities and the elasticities of substitution of energy-dependent Cobb … production factors and whose numerical values have been obtained for Germany, Japan, and the USA, are for energy much larger and … for labor much smaller than the cost shares of these factors. Energy and its conversion into physical work accounts for …

perspective contributes to resolving the paradox that energy hardly matters in mainstream growth theory, whereas it is an issue of …Energy conversion in the production of goods and services, and the resulting emissions associated with entropy … production, have not yet been taken into account by the mainstream theory of economic growth. Novel econometric analyses, however …

Improving energy efficiency is often considered to be one of the keys to reducing greenhouse gas emissions. However …, efficiency gains also reduce the cost of energy services and may even reduce the price of energy, resulting in energy use … rebounding and potential energy use savings being eaten up. There is only limited empirical research quantifying the economy …

the constraints add to factor prices. In a model, where capital, labor and energy (exergy) are the factors of production … energy-dependent production functions that are derived from the twice differentiability requirement and the law of … diminishing returns. -- Optimization ; technological constraints ; shadow prices ; output elasticities ; energy ; economic growth …

This study aims to investigate Granger causality between renewable energy consumption (REC) and economic growth (EG … Energy Information Administration and Economist Intelligence Unit (EIU) CountryData database. Sample period is from January … nonlinear causality. This suggests that renewable energy limitations do not seem to damage economic growth. These results have …

We replicate Stern (1993, Energy Economics), who argues and empirically demonstrates that it is necessary (i) to use … quality-adjusted energy use and (ii) to include capital and labor as control variables in order to find Granger causality from … energy use to GDP. Though we could not access the original dataset, we can verify the main original inferences using data …

We study the relationship between energy consumption and real GDP in the United States using a multivariate time … energy and real U.S. GDP is bi-directional through much of the 1990s (the feedback hypothesis) but uni-directional running … from real U.S. GDP to energy consumption in the 2000s (the conservation hypothesis). Similar pattern of changes was …