Universität zu Köln

Lindenberger, Dietmar and Kuemmel, Reiner (2011). Energy and the state of nations. Energy, 36 (10). S. 6010 - 6019. OXFORD: PERGAMON-ELSEVIER SCIENCE LTD. ISSN 1873-6785

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Abstract

The mathematical conditions for the existence of macroeconomic production functions that are state functions of the economic system are pointed out. The output elasticities and the elasticities of substitution of energy-dependent Cobb-Douglas, CES and LinEx production functions are calculated. The output elasticities, which measure the productive powers of 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 most of the growth that mainstream economics attributes to technological progress and related concepts. It decisively determines the economic state of nations. Consequences for automation and globalization and perspectives on growth are discussed. (C) 2011 Elsevier Ltd. All rights reserved.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Lindenberger, Dietmar UNSPECIFIED UNSPECIFIED UNSPECIFIED Kuemmel, Reiner UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-487728
DOI:	10.1016/j.energy.2011.08.014
Journal or Publication Title:	Energy
Volume:	36
Number:	10
Page Range:	S. 6010 - 6019
Date:	2011
Publisher:	PERGAMON-ELSEVIER SCIENCE LTD
Place of Publication:	OXFORD
ISSN:	1873-6785
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language OPTIMIZATION; POWER; LABOR Multiple languages Thermodynamics; Energy & Fuels Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/48772