IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

The Soft Engine for Economic Growth in a Long-Time:The Economic Development Power, Conversion and Conservation for economic Energy

  • Feng Dai
Registered author(s):

Based on the theories of Development Power([18]-[20]) and Partial Distribution([21]-[24]), and combining with the actual economic development, this paper discusses the main ways how the Development Power (DP) is accumulated or released, establishes the analytic models of DP and the model of relation between DP and productivity; classifies economic development into the three states in energy¡ªthe state of normal energy, strong energy and super energy; gives the method of calculating the critical time of strong energy and super energy and the approach to describe the evolving process of these three states; puts forward the laws of conversion and conservation between mass and energy in economic developing. According to that DP is accumulated and released one after another, this paper points out, a sign that accumulation of DP is completed is the most of economic factors are in order, and the sign that release of DP is completed is the most of economic factors are in chaos, and also gives the ways to calculate the most possible time that the DP starts accumulating or releasing. Finally, the author make a comprehensive empirical analysis on all of results in this paper by means of the US GDP data from 1940 to 2003, the outcomes are satisfied. The conclusions in this paper make clear that the economic Development Power, namely economic development energy, is the engine for the economic growth.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by EconWPA in its series Macroeconomics with number 0411009.

in new window

Length: 27 pages
Date of creation: 12 Nov 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0411009
Note: Type of Document - pdf; pages: 27. There are three working papers about this topic: 1 F. Dai, Development Power and Derivative
Contact details of provider: Web page:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
  2. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
  3. Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 39-69, February.
  4. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
  5. Feng Dai & Bao- hua Sun & Jie Sun, 2004. "Derivative Process Model of Development Power in Industry: Empirical Research and Forecast for Chinese Software Industry and US Economy," Macroeconomics 0405024, EconWPA.
  6. feng dai & Jianqiang Liu, 2004. "Development Power and Derivative Process: A Mode and Theory for Macroeconomy Analysis," Macroeconomics 0403015, EconWPA.
  7. Plosser, C.I., 1989. "Understanding Real Business Cycles," Papers 89-03, Rochester, Business - General.
  8. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-70, November.
  9. Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
  10. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages S251-78, October.
  11. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
  12. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1986. "Fairness and the Assumptions of Economics," The Journal of Business, University of Chicago Press, vol. 59(4), pages S285-300, October.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpma:0411009. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.