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Of Energy and the Economy - Chang, Vincent
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Chang, Vincent:

Of Energy and the Economy - Paperback

2007, ISBN: 3836427664, Lieferbar binnen 4-6 Wochen Shipping costs:Versandkostenfrei innerhalb der BRD

Internationaler Buchtitel. In englischer Sprache. Verlag: VDM Verlag, Paperback, 140 Seiten, L=240mm, B=170mm, H=8mm, Gew.=278gr, [GR: 17430 - HC/Politikwissenschaft], [SW: - Energiewirt… More...

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Of Energy and the Economy - Theory and Evidence of Their Functional Relationships Vincent Chang Author
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Of Energy and the Economy - Theory and Evidence of Their Functional Relationships Vincent Chang Author - new book

2001, ISBN: 9783836427661

This book advances a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeating the whole economy, no such complete relationships… More...

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Vincent Chang:
Of Energy and the Economy - Theory and Evidence of Their Fun - new book

2007

ISBN: 9783836427661

[ED: Pappeinband], [PU: Bertrams Print On Demand], - This book advances a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeat… More...

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Chang, Vincent:
Of Energy and the Economy - Paperback

1980, ISBN: 9783836427661

[ED: Softcover], [PU: Vdm Verlag Dr. Müller], This book advances a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeating the… More...

  - Shipping costs:Versandkostenfrei, Versand nach Deutschland (EUR 0.00) buecher.de GmbH & Co. KG
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Chang, Vincent:
Of Energy and the Economy - Paperback

2007, ISBN: 9783836427661

[ED: Softcover], [PU: Vdm Verlag Dr. Müller], This book advances a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeating the… More...

  - Shipping costs:Versandkostenfrei, Versand nach Deutschland (EUR 0.00) buecher.de GmbH & Co. KG

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Of Energy and the Economy - Theory and Evidence of Their Functional Relationships Vincent Chang Author

This book advances a set of explicit functional relationships that link energy and the economy. Despite the reliance on energy permeating the whole economy, no such complete relationships had been presented before. How related are energy and the economy? What role does energy play in the economic growth? Motivated to seek an explicit functional answer, I theorize the role of energy and then test it with economic models, using data for 16 OECD countries from 1980 to 2001. First, I find that energy is a cross-country representative good whose prices are equalized when converted to a reference currency. Thus, energy prices satisfy the purchasing power parity. For all but one country, the half life of the real energy exchange rate is less than a year and as low as six months, shorter than those derived by other real exchange rate measures. Second, considering energy a cross-time representative good, I obtain that a country's utility function is inversely proportional to both its income share of energy and its energy price. I also obtain an explicit, unified two-dimensional (cross countries and time) production function with energy and non-energy as the two inputs. Third, I conclude a cross-country parity relationship for income shares of energy, similar to that for energy prices. Further, I provide an intertemporal connection between the trajectory of the income share of energy and the productivity growth of the economy. Lastly, I demonstrate the tradeoffs between energy efficiency and economic wellbeing, with the energy price being the medium for the tradeoffs. One may apply the functional roles of energy offered by this book to help frame the current global-scale issues that are energy relevant.

Details of the book - Of Energy and the Economy - Theory and Evidence of Their Functional Relationships Vincent Chang Author


EAN (ISBN-13): 9783836427661
ISBN (ISBN-10): 3836427664
Paperback
Publishing year: 2007
Publisher: VDM Verlag Dr. Mueller e.K. Core >1 >T
140 Pages
Weight: 0,278 kg
Language: eng/Englisch

Book in our database since 2008-03-02T14:16:16+00:00 (London)
Detail page last modified on 2024-03-05T11:33:30+00:00 (London)
ISBN/EAN: 3836427664

ISBN - alternate spelling:
3-8364-2766-4, 978-3-8364-2766-1
Alternate spelling and related search-keywords:
Book author: vincent, chang
Book title: theory and evidence, nom, economy, energy


Information from Publisher

Author: Vincent Chang
Title: Of Energy and the Economy - Theory and Evidence of Their Functional Relationships
Publisher: VDM Verlag Dr. Müller
140 Pages
Publishing year: 2007-10-01
Language: English
49,00 € (DE)
50,40 € (AT)
82,00 CHF (CH)
Not available (reason unspecified)

BC; PB; Hardcover, Softcover / Wirtschaft; Wirtschaftswissenschaft, Finanzen, Betriebswirtschaft und Management; Wirtschaft; Purchasing Power Parity; Half Life; Production Factor; Exchange Rate; Economy; Time Series; Energy; No Arbitrage; Production Function


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