Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution

Dietmar LİNDENBERGER; Reiner KUMMEL

Makale detayları

Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution

Yazarlar:

Dietmar LİNDENBERGER | Reiner KUMMEL

Yayıncı:

Uluslararası Uygulamalı Termodinamik Derneği İktisadi İşletmesi

Dergi:

International Journal of Thermodynamics 2002 Vol.5 Issue 3, pp.101-107

Belge Tipi:

Makale

Yayın Tarihi:

8/2002

Belge Dili:

İngilizce

Document ID (Org No.):

2000477301

Sıklık:

Üç Aylık

eISSN:

2146-1511

pISSN:

1301-9724

Özet:

 

In an attempt to integrate thermodynamics with economics, production functions are proposed that depend on capital, labor, energy and technological parameters associated with the energy conversion efficiency of the capital stock. Based on these production functions, which resolve most of the unexplained Solow residual of conventional economic growth theory, we develop the optimization model PRISE of PRice-Induced Sectoral Evolution. The model is designed to analyze potential changes of inputs, outputs and profits in differently energy- and labor-intensive sectors of an economy in response to changing factor prices. The model has been tested by comparing its predictions with the German sectoral economic evolution, 1968-1989.

Makale detayları

Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution

Yazarlar: Dietmar LİNDENBERGER | Reiner KUMMEL

Yayıncı: Uluslararası Uygulamalı Termodinamik Derneği İktisadi İşletmesi

Dergi: International Journal of Thermodynamics 2002 Vol.5 Issue 3, pp.101-107

Belge Tipi: Makale

Yayın Tarihi: 8/2002

Belge Dili: İngilizce

Document ID (Org No.): 2000477301

Sıklık: Üç Aylık

eISSN: 2146-1511

pISSN: 1301-9724

Sayı

Yazarlar:

Dietmar LİNDENBERGER | Reiner KUMMEL

Yayıncı:

Uluslararası Uygulamalı Termodinamik Derneği İktisadi İşletmesi

Dergi:

International Journal of Thermodynamics 2002 Vol.5 Issue 3, pp.101-107

Belge Tipi:

Makale

Yayın Tarihi:

8/2002

Belge Dili:

İngilizce

Document ID (Org No.):

2000477301

Sıklık:

Üç Aylık

eISSN:

2146-1511

pISSN:

1301-9724