Net energy ratio, EROEI and the macroeconomy
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Net energy ratio, EROEI and the macroeconomy
Author(s) :
Fagnart, Jean-François [Auteur]
Centre de recherche en économie [CEREC]
Germain, Marc [Auteur]
Lille économie management - UMR 9221 [LEM]
Centre de recherche en économie [CEREC]
Germain, Marc [Auteur]
Lille économie management - UMR 9221 [LEM]
Journal title :
Structural Change and Economic Dynamics
Pages :
121-126
Publisher :
Elsevier
Publication date :
2016-06
ISSN :
0954-349X
English keyword(s) :
EROEI
Input–output
Energy
Net energy
Growth
Input–output
Energy
Net energy
Growth
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
In an input–output model of a two-sector economy (energy and manufacturing), we analyse the macroeconomic implications of the quality of secondary energy production. We measure it by the net energy ratio (NER for short), ...
Show more >In an input–output model of a two-sector economy (energy and manufacturing), we analyse the macroeconomic implications of the quality of secondary energy production. We measure it by the net energy ratio (NER for short), i.e. the fraction of produced energy available for net final production. NER is shown to be related to the EROEI concept encountered in energy science and to affect (a) the energy intensiveness of final output, (b) the capital requirements of the two sectors of the economy and the aggregate capital–output ratio, and (c) the rate of capital accumulation and the growth rate of the economy at given saving rate. As a consequence, an energy transition characterized by a decreasing NER would exert a drag on economic growth.Show less >
Show more >In an input–output model of a two-sector economy (energy and manufacturing), we analyse the macroeconomic implications of the quality of secondary energy production. We measure it by the net energy ratio (NER for short), i.e. the fraction of produced energy available for net final production. NER is shown to be related to the EROEI concept encountered in energy science and to affect (a) the energy intensiveness of final output, (b) the capital requirements of the two sectors of the economy and the aggregate capital–output ratio, and (c) the rate of capital accumulation and the growth rate of the economy at given saving rate. As a consequence, an energy transition characterized by a decreasing NER would exert a drag on economic growth.Show less >
Language :
Anglais
Popular science :
Non
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