EN
Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution
Abstract
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.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
-
Publication Date
September 1, 2002
Submission Date
February 20, 2010
Acceptance Date
-
Published in Issue
Year 2002 Volume: 5 Number: 3
APA
Lindenberger, D., & Kummel, R. (2002). Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution. International Journal of Thermodynamics, 5(3), 101-107. https://izlik.org/JA87RN65NY
AMA
1.Lindenberger D, Kummel R. Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution. International Journal of Thermodynamics. 2002;5(3):101-107. https://izlik.org/JA87RN65NY
Chicago
Lindenberger, Dietmar, and Reiner Kummel. 2002. “Energy-Dependent Production Functions and the Optimization Model ‘PRISE’ of Price-Induced Sectoral Evolution”. International Journal of Thermodynamics 5 (3): 101-7. https://izlik.org/JA87RN65NY.
EndNote
Lindenberger D, Kummel R (September 1, 2002) Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution. International Journal of Thermodynamics 5 3 101–107.
IEEE
[1]D. Lindenberger and R. Kummel, “Energy-Dependent Production Functions and the Optimization Model ‘PRISE’ of Price-Induced Sectoral Evolution”, International Journal of Thermodynamics, vol. 5, no. 3, pp. 101–107, Sept. 2002, [Online]. Available: https://izlik.org/JA87RN65NY
ISNAD
Lindenberger, Dietmar - Kummel, Reiner. “Energy-Dependent Production Functions and the Optimization Model ‘PRISE’ of Price-Induced Sectoral Evolution”. International Journal of Thermodynamics 5/3 (September 1, 2002): 101-107. https://izlik.org/JA87RN65NY.
JAMA
1.Lindenberger D, Kummel R. Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution. International Journal of Thermodynamics. 2002;5:101–107.
MLA
Lindenberger, Dietmar, and Reiner Kummel. “Energy-Dependent Production Functions and the Optimization Model ‘PRISE’ of Price-Induced Sectoral Evolution”. International Journal of Thermodynamics, vol. 5, no. 3, Sept. 2002, pp. 101-7, https://izlik.org/JA87RN65NY.
Vancouver
1.Dietmar Lindenberger, Reiner Kummel. Energy-Dependent Production Functions and the Optimization Model “PRISE” of Price-Induced Sectoral Evolution. International Journal of Thermodynamics [Internet]. 2002 Sep. 1;5(3):101-7. Available from: https://izlik.org/JA87RN65NY