Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2018.11.002 |
A Note on the Role of Energy in Production | |
Keen, Steve1; Ayres, Robert U.2; Standish, Russell1 | |
2019-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2019 |
卷号 | 157页码:40-46 |
文章类型 | Article |
语种 | 英语 |
国家 | England; France |
英文摘要 | Energy plays no role in the standard Cobb-Douglas Production Function (CDPF), and a trivial role in a three-factor CDPF where it is treated as a third input, independent of labour and capital. Starting from an epistemological perspective, we treat energy as an input to both labour and capital, without which production is impossible. We then derive an energy-based CPDF (EBCDPF) in which energy plays a critical role. We argue for the redefinition and measurement of real GDP in terms of exergy. We conclude that the "Solow Residual" measures the contribution of exergy to growth, and that the exponents in the EBCDPF should be based on cross-country comparative data as suggested by Mankiw (1995) rather than the "cost-share theorem". |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000456899800004 |
WOS关键词 | GROWTH |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15638 |
专题 | 资源环境科学 |
作者单位 | 1.Kingston Univ London, London, England; 2.INSEAD, Fontainebleau, France |
推荐引用方式 GB/T 7714 | Keen, Steve,Ayres, Robert U.,Standish, Russell. A Note on the Role of Energy in Production[J]. ECOLOGICAL ECONOMICS,2019,157:40-46. |
APA | Keen, Steve,Ayres, Robert U.,&Standish, Russell.(2019).A Note on the Role of Energy in Production.ECOLOGICAL ECONOMICS,157,40-46. |
MLA | Keen, Steve,et al."A Note on the Role of Energy in Production".ECOLOGICAL ECONOMICS 157(2019):40-46. |
条目包含的文件 | 条目无相关文件。 |
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