Download Revisiting the Energy-Development Link: Evidence from the by Kostas Bithas, Panos Kalimeris PDF

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By Kostas Bithas, Panos Kalimeris

Unravelling the difficult dating among financial improvement and effort intake, this e-book proposes an leading edge framework for the empirical research of the hyperlink among the economic system and average assets. It proposes a singular set of symptoms to make clear these facets of the commercial method and improvement that be certain their requisites when it comes to normal assets. utilizing up-to-date databases, this e-book offers tables and diagrams to check the traditional and the recent estimates of the linkage among power and fiscal improvement (Energy depth) through the international, over the past a hundred years.

Whereas estimates in response to the validated framework for comparing the hyperlink among strength assets and the economic system point out a powerful decoupling development, the hot symptoms persist with considerably assorted paths which recommend a powerful coupling among financial progress and effort use. those transformations -which name into query the existing opinion of decoupling- are basic for the clients of sustainability.

This publication presents a helpful source for economists, strength and environmental analysts, average source managers and coverage makers. it's also meant for college students of ecological economics, sustainability stories, common source and effort economics.

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Furthermore, GDP per Capita is based on the relevant preferences taking place in actual markets, and therefore reflects actual and “objective” economic reality. Within the monetary context, the index of GDP per Capita emerges as the only monetary indicator of welfare/utility with long-run data availability for the majority of national economies, allowing us to perform world-wide and long run EI analysis. 2 GDP as a Proxy of “GDP Per Capita”: An Analytical Assumption Economic analyses, reports and discussions are often based on the trends in GDP as the measure of the state of the economy.

A larger population, ceteris paribus, implies a higher percentage of “basic” needs such as food, shelter, heating. On the contrary, an economy with a smaller population, ceteris paribus, is oriented towards a higher percentage of service-like and luxury goods. Logic dictates that population size matters for the structure of production. As population size changes across nations and over time, economies of similar aggregate GDP may produce fundamentally different categories of goods. Nevertheless the influence of population size cannot be reflected in aggregate GDP, since GDP is insensitive to population size.

The economy with the higher GDP per Capita reflects a relatively higher production of service-like goods. In effect, when the biophysical properties of actual production are to be determined, the monetary index of per Capita GDP presents significant advances relative to aggregate GDP. Reflects the per capita human Welfare/Utility, being the ultimate outcome Downscales the Aggregate GDP to more traceable – in physical terms– monetary entities GDP per Capita (Utility/Welfare) Reflects the Bundle (Basket) of Goods consumed by the average citizen Incorporates the effects of Demographics on the economic structure Evaluates the economic system as an integral Fig.

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