scholarly journals The Key Role of Energy in Economic Growth

2019 ◽  
Author(s):  
Robert U. Ayres ◽  
Paul E. Brockway ◽  
Emmanuel Aramendia
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Air Conditioning ◽  
Growth Machine ◽  
Factors Affecting ◽  
Energetic Constraints ◽  
Economic Developments ◽  
The Cost ◽  
Different Sources

Most articles on energy and economics focus on aspects such as the price of petroleum, the cost of electric power, or the demand for domestic air conditioning or industrial heat. Those topics are about the factors driving producers to invest in different sources of supply, and the factors affecting demand. Instead, this article is about how energy acts as a crucial factor of production and as a driver of, or barrier to, economic growth. It also explains how it happens that conventional economic theory neglects the role of energy, and discusses the implications of that neglect in terms of explaining past economic developments and forecasting the future. This article presents the key thermodynamic-based concepts for studying the relationships between energy and the economy, and finds that upcoming energetic constraints mean the neo-classical illusion of a global, perpetual economic growth machine will fail, and most likely sometime soon.

scholarly journals Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

2021 ◽  
Author(s):  
Sadegh Abedi ◽  
Mehrnaz Moeenian
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Middle East ◽  
Climate Change Mitigation ◽  
Developed Countries ◽  
Factors Affecting ◽  
Middle East Countries ◽  
Sustainable Economic Growth ◽  
Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.

Mexico's Pre-Revolutionary Reckoning with Railroads

1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Transportation Network ◽  
Underdeveloped Country ◽  
Role Of The State ◽  
Economic Interpretation ◽  
Short Run ◽  
Railway System ◽  
Economic Considerations

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.

Sustainable frugality through EIA: role of socio‐ecological linkages in poverty alleviation

2007 ◽  
Vol 18 (5) ◽  
pp. 556-567 ◽  
Author(s):  
T. Rajaram ◽  
Ashutosh Das
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Local Ecological Knowledge ◽  
Developed Countries ◽  
Ecological Knowledge ◽  
Content Type ◽  
Marginalized Communities ◽  
The Cost ◽  
Ecosystem Linkages

PurposeThe purpose of this paper is to bring out the shortcomings of the EIA model imported from developed countries when it is assessed for its focus on poverty alleviation in a developing nation (India) and to suggest improvements in the existing framework.Design/methodology/approachThe paper explores the current performance of EIA process in India, critically analyses the philosophy of continued sidelining of environmental protection in favour of unrestricted economic growth in the light of evidence regarding growing inequality.FindingsThe paper finds that for the proponent driven EIA model to contribute towards poverty alleviation, a new “socio‐ecological linkage document” is needed. This will bring out the fragile linkages that marginalized communities have with their local ecosystems and can be prepared with the help of local ecological knowledge. A framework to integrate the socio‐ecological linkage document into the EIA‐SEA‐SA domain is presented.Practical implicationsThe paper shows that the supportive framework of generating the “socio‐ecological linkage document” has the potential to enhance the EIA‐SEA‐SA process in terms of ensuring that plans, policies, programs and projects are sensitive to the need of ecosystem dependent poor.Originality/valueThe paper proposes a framework to support the alternative thinking that poverty alleviation can be enhanced through preservation of ecosystem linkages, in contrast to the modern paradigm of economic growth at the cost of ecosystem.

The Role of Comparison in the Development of Economic Theory

1957 ◽  
Vol 17 (4) ◽  
pp. 554-570 ◽  
Author(s):  
Sylvia L. Thrupp
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Economic History ◽  
Western Europe ◽  
Open Spaces ◽  
Body Of Knowledge ◽  
Development Of Economic Theory

Our conference today on comparative economic history is in some clanger of rushing into the wide-open spaces of ambiguity, for the term is new, and to agree too quickly on its meaning and implications may not even be desirable. In order to avoid engaging in a mere game of definitions, this paper will deal first with three general types of comparison in relation to their bearing on problems of evidence. It will then review some of the chief uses to which these types of comparison have been put in building up our body of knowledge about Western economic history. The survey will close with particular reference to our own preindustrial stages of economic growth, when western Europe was, in our uncomplimentary phrase, an underdeveloped or backward area.

scholarly journals Optimal Strategies for CLSC considering Supply Disruption and Carbon Tax

2020 ◽  
Vol 2020 ◽  
pp. 1-14
Author(s):  
Lin Tong ◽  
Kuan Yang ◽  
Wei-Jin Xu
Keyword(s):  
Supply Chain ◽  
Carbon Tax ◽  
Optimal Strategies ◽  
Supply Disruption ◽  
Factors Affecting ◽  
Global Environmental ◽  
Two Factors ◽  
The One ◽  
The Cost

Under the background of economic globalization, supply chain is becoming more and more complex, which is manifested in the instability of external environment. On the one hand, with the improvement of global environmental protection awareness, the government's policy tools for environmental impact (carbon tax) on the whole supply chain have become one of the major external problems faced by the supply chain enterprises; on the other hand, the intensification of competition between upstream and downstream in supply chains makes supply disruption an important proposition to be solved urgently. In this paper, the two propositions of green and supply disruption are reduced to two factors affecting the cost. The average total cost function of the manufacturer as a recycler is established. The practicability of the algorithm and the effectiveness of the model are verified by Lingo, Particle Swarm Optimization, and Genetic Algorithm, with the purpose of obtaining the optimal strategies for manufacturers who play the role of the recycler in the closed-loop supply chain.

The Role of Affluence in the Christian Missionary Enterprise from the West1

1986 ◽  
Vol 14 (4) ◽  
pp. 437-461 ◽  
Author(s):  
Jon Bonk
Keyword(s):  
Side Effects ◽  
Social Distance ◽  
Human Experience ◽  
Practical Reasons ◽  
Factors Affecting ◽  
Economic Disparity ◽  
Christian Missionary ◽  
The Cost

In this article Bonk demonstrates that the very affluence which has been a part and parcel of Western missionary endeavor for 200 years has been by no means an unmixed blessing. The primary benefits associated with affluence have always had to do with the survival of the missionary and the longevity of the missionary's service. The less beneficial side effects of affluence which must be weighed against its benefits include considerations relating to the sociology and psychology of disparity. Human experience shows that economic disparity and its accompanying social distance breed envy and suspicion. People tend to establish friendships with their “own kind” economically and socially. Accordingly, included in the cost of affluence are factors affecting the credibility of the missionary and the comprehensibility of the missionary's message. It is important for both theological and practical reasons to get back to the incarnation as a model for missionary strategy.

In the eye of the beholder: A comprehensive analysis of stimulus type, perceiver, and target in physical attractiveness perceptions

2020 ◽  
Author(s):  
Molly Anne Bowdring ◽  
Michael Sayette ◽  
Jeffrey M. Girard ◽  
William C. Woods
Keyword(s):  
Physical Attractiveness ◽  
Stimulus Type ◽  
Research Priorities ◽  
Stimulus Motion ◽  
Factors Affecting ◽  
Psychosocial Experiences ◽  
Static Images ◽  
Different Sources ◽  
Neutral Expression

Physical attractiveness plays a central role in psychosocial experiences. One of the top research priorities has been to identify factors affecting perceptions of physical attractiveness (PPA). Recent work suggests PPA derives from different sources (e.g., target, perceiver, stimulus type). Although smiles in particular are believed to enhance PPA, support has been surprisingly limited. This study comprehensively examines the effect of smiles on PPA and, more broadly, evaluates the roles of target, perceiver, and stimulus type in PPA variation. Perceivers (n = 181) rated both static images and 5-sec videos of targets displaying smiling and neutral-expressions. Smiling images were rated as more attractive than neutral-expression images (regardless of stimulus motion format). Interestingly, perceptions of physical attractiveness were based more on the perceiver than on either the target or format in which the target was presented. Results clarify the effect of smiles, and highlight the significant role of the perceiver, in PPA.

scholarly journals Financial Inclusion for SMEs: Role of Digital Micro-financial Services

2019 ◽  
Vol 5 (3) ◽  
pp. 429-439 ◽  
Author(s):  
Rabia Rasheed ◽  
Sulaman Hafeez Siddiqui ◽  
Iqbal Mahmood ◽  
Sajjad Nawaz Khan
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Poverty Reduction ◽  
Developing Economies ◽  
Secondary Data ◽  
Product Portfolio ◽  
Access To Finance ◽  
Digital Platforms ◽  
The Cost

SMEs paly major role in poverty reduction and employment generation, therefore experts considered this sector as engine of economic growth. However, access to finance in developing countries is one of major issue in development of SME sector as well as hurdle in economic growth. Financial institutions banking and non-banking shows reluctant behaviour in providing financing to SMEs and the issue is more severe in emerging economies. Bank financing has been found as main source of funds for SMEs in Pakistan, however, to obtain these funds not easy for small and medium firms. Recently digital micro financial services have been introduced by a number of micro finance banks.  Current study examines the role of digital micro financial services in enhancing SMEs’ access to finance and thereby enabling a more inclusive financial market for SMEs especially in context of emerging and developing economies. By digging out the existing literature and secondary data, the study discusses that digital financial services have greatly helped owner managers of SMEs in smooth management of their transactions and finances. The study concludes that to strengthen SME sector for economic growth, it is important to further reduce the cost of using digital financial services and increase the financial product portfolio on digital platforms.

scholarly journals TECHNOLOGICAL SOURCES OF ECONOMIC GROWTH IN EUROPE AND THE U.S.

2018 ◽  
Vol 24 (3) ◽  
pp. 1178-1199 ◽  
Author(s):  
Benedetto MOLINARI ◽  
José L. TORRES
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Technical Change ◽  
Capital Accumulation ◽  
Structural Growth ◽  
Determinants Of Economic Growth ◽  
Different Sources ◽  
Equilibrium Growth

This paper assesses the role of different sources of technological change as determinants of economic growth in a group of selected OECD countries during the period 1980–2010. We consider three different sources of growth: neutral technical change associated with Total Factor Productivity, investment-specific technical change (ISTC) embodied in capital assets, and improvements in the quality of labor services generated by human capital accumulation. The contribution to growth of each of these sources is computed using two different approaches: the standard (statistical) growth accounting and the structural growth decomposition obtained from a general equilibrium growth model. We found that the effect of ISTC dominates that of neutral technology and human capital in all of the countries considered. On average, more than 50% of productivity growth is explained by ISTC. Contributions to growth from ICT and non-ICT technical change are in general of similar magnitude.

THE ROLE OF THE STATE IN THE DEVELOPMENT OF POSTCEINSIAN THEORIES OF ECONOMIC GROWTH AND ENVIRONMENTAL PROTECTION

2017 ◽  
Author(s):  
Oleg Yarema ◽  
◽  
Bohdan Dolinsky ◽  
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Economic Development ◽  
Environmental Protection ◽  
Historical Perspective ◽  
The State ◽  
Role Of The State

Economic growth is a fundamental category of economic theory. That economic growth determines the dynamics of economic development, its credibility in the international arena and historical perspective.

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