Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
Macroeconomics of energy transition: two essays on the biophysical approach to economic growth
View through CrossRef
This thesis explores the dynamics between energy expenditures, economic growth, and the biophysical constraints imposed by Energy Return on Investment (EROI) within the context of the ongoing energy transition. The main objective is to understand how these factors interact and influence each other, offering a comprehensive understanding of how energy efficiency and EROI impact the sustainability of economic growth. The analysis reveals that, to maintain positive economic growth, countries cannot spend more than 3.95% of their GDP on energy, which is associated with a minimum societal EROI of approximately 30:1. Moreover, Granger causality tests indicate a bidirectional relationship between energy expenditures and economic growth. The study suggests that economic policies focused on improving energy efficiency and transitioning to renewable energy sources with high EROI are crucial to ensuring sustainable economic growth in an environment marked by environmental challenges and energy price volatility. Keywords: economic growth; biophysical economics; eroi.
Title: Macroeconomics of energy transition: two essays on the biophysical approach to economic growth
Description:
This thesis explores the dynamics between energy expenditures, economic growth, and the biophysical constraints imposed by Energy Return on Investment (EROI) within the context of the ongoing energy transition.
The main objective is to understand how these factors interact and influence each other, offering a comprehensive understanding of how energy efficiency and EROI impact the sustainability of economic growth.
The analysis reveals that, to maintain positive economic growth, countries cannot spend more than 3.
95% of their GDP on energy, which is associated with a minimum societal EROI of approximately 30:1.
Moreover, Granger causality tests indicate a bidirectional relationship between energy expenditures and economic growth.
The study suggests that economic policies focused on improving energy efficiency and transitioning to renewable energy sources with high EROI are crucial to ensuring sustainable economic growth in an environment marked by environmental challenges and energy price volatility.
Keywords: economic growth; biophysical economics; eroi.
Related Results
Macroeconomic and Social Precursors of Suicide Rates in the Philippines: A Quantitative Analysis (Preprint)
Macroeconomic and Social Precursors of Suicide Rates in the Philippines: A Quantitative Analysis (Preprint)
BACKGROUND
Suicide is a complex, serious and multifaceted public health issue that poses significant challenges to societies worldwide. In fact, it represen...
The Optimal Public Expenditure in Developing Countries
The Optimal Public Expenditure in Developing Countries
Many researchers believe that government expenditures promote economic growth at the first development stage. However, as public expenditure becomes too large, countries will suffe...
Energy Sources and Gross Domestic Product: International Evidence
Energy Sources and Gross Domestic Product: International Evidence
The relationship between energy consumption and economic growth received a significant amount of attention in energy economics literature [Al-Iraiani (2006)]. Rufael (2006) stated ...
Fertility Transition Across Major Sub-Saharan African Cities: The Role of Proximate Determinants
Fertility Transition Across Major Sub-Saharan African Cities: The Role of Proximate Determinants
Abstract
Background
Sub-Saharan Africa’s fertility transition has lagged behind other regions despite rapid urbanization, resulting in persistently high fertility rates. S...
Energy sustainability of smart cities
Energy sustainability of smart cities
The increase in the energy consumption of cities forecasted for the coming years makes these urban areas tend to be representative of the energy sustainability of their countries. ...
Electrical Energy Transition in the Context of Ghana
Electrical Energy Transition in the Context of Ghana
Abstract
Background In Ghana, energy transition as a research theme is new and its manifestations are not glaring. It is inconclusive as to whether energy transition has oc...
INSTITUTIONALIZATION OF THE TRANSITION TO THE USE OF ALTERNATIVE SOURCES OF ENERGY
INSTITUTIONALIZATION OF THE TRANSITION TO THE USE OF ALTERNATIVE SOURCES OF ENERGY
The consumption of traditional energy resources by the world economy leads to their catastrophic reduction and severe environmental consequences. In addition, there are a number of...
Energy Consumption and Economic Growth in Nigeria
Energy Consumption and Economic Growth in Nigeria
The study examined energy consumption and economic growth in Nigeria using time series data for the period of 1986 to 2020. The specific objectives of the study were to ascertain t...