00/02238 Manufacturing energy use in OECD countries: decomposition of long-term trends

This study investigates the short-term and long-term impacts of economic growth, trade openness and technological progress on renewable energy use in Organization for Economic Co-operation and Development (OECD) countries. Based on a panel data set of 25 OECD countries for 43 years, we used the autoregressive distributed lag (ARDL) approach and the related intermediate estimators, including pooled mean group (PMG), mean group (MG) and dynamic fixed effect (DFE) to achieve the objective. The estimated ARDL model has also been checked for robustness using the two substitute single equation estimators, these being the dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS). Empirical results reveal that economic growth, trade openness and technological progress significantly influence renewable energy use over the long-term in OECD countries. While the long-term nature of dynamics of the variables is found to be similar across 25 OECD countries, their short-term dynamics are found to be mixed in nature. This is attributed to varying levels of trade openness and technological progress in OECD countries. Since this is a pioneer study that investigates the issue, the findings are completely new and they make a significant contribution to renewable energy literature as well as relevant policy development.

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Economics and evolution

The Paleontological Society Special Publications ◽

10.1017/s2475262200008583 ◽

1992 ◽

Vol 6 ◽

pp. 298-298

Author(s):

Geerat J. Vermeij

Keyword(s):

Energy Use ◽

Construction Materials ◽

Ripple Effect ◽

Use Of Resources ◽

Economic Interpretation ◽

History Of ◽

Long Term Trends ◽

Random Nature ◽

Antagonistic Interactions

Individual organisms compete for resources. Among competitive dominants, per-capita energy use has generally increased through time. This increase has had a ripple effect on all other species by increasing the number of competitive and predatory encounters among individuals. Species unable to cope with such biological rigors have become restricted to environments where resource supply is low and where encounters with enemies are few. Among species that hold their own in biologically rigorous habitats, construction materials that are cheap to produce and that enable individuals to grow and respond quickly have generally been favored over those that exact a high cost in energy and time. Extinction interrupts but does not reverse or fundamentally alter these long-term between-clade evolutionary trends. The availability of resources to organisms, as well as the opportunity for evolutionary change, depends on extrinsic events and factors as well as on the competitive abilities of organisms.Those who have raised methodological and theoretical objections against this economic interpretation of the history of life deny the overriding importance of organisms as agents of natural selection, emphasize the random nature of extinction, deny the existence of long-term trends, favor a larger role for mutualistic as opposed to antagonistic interactions, or accord a larger role to species-level attributes in evolution that are not reducible to the properties of individual organisms. These arguments are either unpersuasive or incorrect. The long-term economics of life may have important lessons for our own use of resources.

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