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Long Term Trends in Resource Exergy Consumption and Useful Work Supplies in the UK, 1900-2000

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Author Info

  • Benjamin Warr
  • Heinz Schandl
  • Robert U Ayres

    ()
    (CSIRO Sustainable Ecosystems, Australia)

Abstract

Our aim is to explain historical economic growth in the UK economy by introducing an empirical measure for useful work derived from natural resource energy inputs into an augmented production function. To do this, we estimate the long-term (1900-2000) trends in resource exergy supply and conversion to useful work in the United Kingdom. The exergy resources considered included domestic consumption of coal, crude oil and petroleum products, natural gas, nuclear and renewable resources (including biomass). All flows of exergy were allocated to an end use such as providing heat, light, transport, human and animal work and electrical power. For each end-use we estimated a time dependent efficiency of conversion from exergy to useful work. The 3-factor production function (of capital, labour and useful work) is able to reproduce the historic trajectory of economic growth without recourse to any exogenous assumptions of technological progress or total factor productivity. The results indicate that useful work derived from natural resource exergy is an important factor of production.

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Bibliographic Info

Paper provided by CSIRO Sustainable Ecosystems in its series Socio-Economics and the Environment in Discussion (SEED) Working Paper Series with number 2007-08.

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Length: 38 pages
Date of creation: Sep 2007
Date of revision:
Handle: RePEc:cse:wpaper:2007-08

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Keywords: exergy; energy; efficiency; economic growth; United Kingdom;

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Cited by:
  1. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 1 Introduction," Working Papers tech12012, Economic Consultancy, Vocat International.
  2. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 7 Investment and Economic Entropy," Working Papers tech72012, Economic Consultancy, Vocat International.
  3. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 4 Production and Entropy Processes," Working Papers tech42012, Economic Consultancy, Vocat International.
  4. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 8 Energy Resources and the Economy," Working Papers tech82012, Economic Consultancy, Vocat International.
  5. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 2 Stock and Flow Processes," Working Papers tech22012, Economic Consultancy, Vocat International.
  6. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 9 Thermoeconomics and Sustainability," Working Papers tech92012, Economic Consultancy, Vocat International.
  7. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 3 Thermodynamic Principles," Working Papers tech32012, Economic Consultancy, Vocat International.
  8. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 6 Labour and Unemployment," Working Papers tech62012, Economic Consultancy, Vocat International.
  9. John Bryant, 2012. "Thermoeconomics, A Thermodynamic Approach to Economics, Third Edition, Chapter 5 Money," Working Papers tech52012, Economic Consultancy, Vocat International.

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