Georgescu Roegen. A simple energy based production process is modeled, which is not in a stationary state. The resulting … shown that imposing in the same economy energy as a medium of exchange (money), makes agents energy conscious and decreases … model collapses to the nested neoclassical model. A contribution of the proposed approach is the determination of energy …

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 …

Physics shows that energy is necessary for economic production and, therefore, economic growth but the mainstream … theory of economic growth, except for specialized resource economics models, pays no attention to the role of energy. This …. A possible synthesis of energy-based and mainstream models is presented. This model shows that when energy is scarce it …

Physics shows that energy is necessary for economic production and, therefore, economic growth but the mainstream … theory of economic growth, except for specialized resource economics models, pays no attention to the role of energy. This …. A possible synthesis of energy-based and mainstream models is presented. This model shows that when energy is scarce it …

This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model … that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of … solution in which only technologies are developed that are appropriate for production of non-energy intensive goods. …

Future energy demand will be affected by changes in prices and income, but also by other factors, like temperature … annual regional demand for energy goods. Combining estimates of temperature elasticities with scenarios of future climate … change, it is possible to assess variations in energy demand induced (directly) by the global warming. We use this …