The Extended Energy Growth Nexus

The Extended Energy   Growth Nexus
Author: Jose Alberto Fuinhas,António Cardoso Marques
Publsiher: Academic Press
Total Pages: 332
Release: 2019-06-08
ISBN 10: 0128154446
ISBN 13: 9780128154441
Language: EN, FR, DE, ES & NL

The Extended Energy Growth Nexus Book Review:

The Extended Energy-Growth Nexus: Theory and Empirical Applications advances the established bivariate econometric relationship which inextricably links energy consumption to economic growth. The book extends this "nexus" to accommodate variables such as globalization, institutional variables, financial variables and the energy "mix." Rooted firmly in the modern literature, it covers empirical applications such as the evaluation of renewable energy incentives, the electricity generation mix, and sustainable development. Each application area incorporates modern econometric methodologies, including VAR, panel VAR, ARDL, panel ARDL, Asymmetric panel ARDL, and Panel Quantile Regression. Throughout chapters are accompanied by illustrative Stata and EViews code, demonstrating their uses in applied research. Primes researchers to understand advanced literature and current methodologies within the energy-growth nexus Provides a rich set of working tools for econometricians working on real-world energy and growth problems Accompanied by representative databases and illustrative Stata and EViews code, facilitating replication and use

Energy Growth Nexus in an Era of Globalization

Energy Growth Nexus in an Era of Globalization
Author: Muhammad Shahbaz,Aviral Kumar Tiwari,Avik Sinha
Publsiher: Elsevier
Total Pages: 496
Release: 2021-11-12
ISBN 10: 0128244410
ISBN 13: 9780128244418
Language: EN, FR, DE, ES & NL

Energy Growth Nexus in an Era of Globalization Book Review:

Energy Growth Nexus in an era of Globalization reviews current research and practical policy considerations reflective of the ongoing transformation, covering four broad globalization themes from existing research literature: energy consumption, renewable energy consumption, financial markets and energy markets. Within these themes, contributors evaluate transformations in the energy-growth association relating to economic slowdowns, trade patterns, impacts of globalization, cross-border technological spillovers, changes in the risk profile of the countries, advent of Sustainable Development Goals (SDGs), changes in the pattern of cross-border labor force migration, and rising environmental awareness, among many other considerations. Policymakers, energy economists, and energy researchers in a range of connected disciplines will find this to be a great resource on the energy growth sector. Addresses globalization relating to energy consumption, environmental quality, econometrics and energy markets Demonstrates how to design effective energy and environmental policies in a rapidly globalizing world within a Sustainable Development Goals (SDGs) framework Reviews open research questions relevant to energy-growth nexus so policymakers can bring forth socioeconomic stability

A Guide to Econometric Methods for the Energy Growth Nexus

A Guide to Econometric Methods for the Energy Growth Nexus
Author: Angeliki Menegaki
Publsiher: Academic Press
Total Pages: 336
Release: 2020-11-10
ISBN 10: 012819040X
ISBN 13: 9780128190401
Language: EN, FR, DE, ES & NL

A Guide to Econometric Methods for the Energy Growth Nexus Book Review:

A Guide to Econometric Methods for the Energy-Growth Nexus presents, explains and compares all the available econometrics methods pertinent to the energy-growth nexus. Chapters cover methods and applications, starting with older econometric methods and moving toward new ones. Each chapter presents the method and facts about its applications, providing step-by-step explanations about the ways the method meets the demands of the field. In addition, applied case studies and practical research steps are included to enhance the learning process. By touching on all relevant econometric methods for the energy-growth nexus, this book gives energy-growth researchers and students all they need to tackle the subject matter. Presents econometric methods for short- and long-term forecasting Provides methods and step-by-step explanations on the ways the method meets the demands of the field Contains applied case studies and practical research steps

The Economics and Econometrics of the Energy Growth Nexus

The Economics and Econometrics of the Energy Growth Nexus
Author: Angeliki Menegaki
Publsiher: Academic Press
Total Pages: 402
Release: 2018-03-29
ISBN 10: 0128127473
ISBN 13: 9780128127476
Language: EN, FR, DE, ES & NL

The Economics and Econometrics of the Energy Growth Nexus Book Review:

The Economics and Econometrics of the Energy-Growth Nexus recognizes that research in the energy-growth nexus field is heterogeneous and controversial. To make studies in the field as comparable as possible, chapters cover aggregate energy and disaggregate energy consumption and single country and multiple country analysis. As a foundational resource that helps researchers answer fundamental questions about their energy-growth projects, it combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus. The book provides order and guidance, enabling researchers to feel confident that they are adhering to widely accepted assumptions and procedures. Provides guidance about selecting and implementing econometric tools and interpreting empirical findings Equips researchers to get clearer pictures of the most robust relationships between variables Covers up-to-date empirical and econometric methods Combines theory and practice to classify and summarize the literature and explain the econometrics of the energy-growth nexus

Renewable Energy Consumption Economic Growth Nexus in Italy

Renewable Energy Consumption Economic Growth Nexus in Italy
Author: Cosimo Magazzino
Publsiher: Unknown
Total Pages: 9
Release: 2018
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1304434074
Language: EN, FR, DE, ES & NL

Renewable Energy Consumption Economic Growth Nexus in Italy Book Review:

This study examines the renewable energy consumption-economic growth nexus in Italy over the period 1970-2007. Results of unit root tests show that all variables are non-stationary in their level form, but stationary in first differences. Cointegration analysis reveals that a single long-run relationship emerges. According to the long-run estimations, if renewable energy consumption increases by 1%, real gross domestic product (GDP) decreases by 0.23%. The Toda and Yamamoto approach shows that exists a unidirectional causal flow, running from renewable energy consumption to aggregate income, in line with the “growth hypothesis.” Moreover, these results are confirmed by Granger causality tests. Forecast error variance decomposition evidence that the forecast errors in real GDP are mainly due to uncertainty in GDP itself and renewable energy consumption, while the errors in predicting the renewable energy consumption are sensitive to disturbances only in energy equation.

The Land Water Energy Nexus

The Land Water Energy Nexus
Author: Organisation for Economic Co-Operation and Development (OECD)
Publsiher: IWA Publishing
Total Pages: 140
Release: 2017-11-15
ISBN 10: 1780409273
ISBN 13: 9781780409276
Language: EN, FR, DE, ES & NL

The Land Water Energy Nexus Book Review:

This report contributes to the discussion of interconnections between scarce resources by highlighting the nexus between land, water and energy (the LWE nexus). It focuses on a dynamic, integrated, and disaggregated analysis of how land, water and energy interact in the biophysical and economic systems. The report provides projections for the biophysical and economic consequences of nexus bottlenecks until 2060, highlighting that while the LWE nexus is essentially local, there can be significant large-scale repercussions in vulnerable regions, notably on forest cover and in terms of food and water security. The analysis is based on coupling a gridded biophysical systems model with a multi-regional, multi-sectoral dynamic general equilibrium modelling assessment. Numerical insights are provided by investigating a carefully selected set of scenarios that are designed to illustrate the key bottlenecks: one scenario for each resource bottleneck, plus two scenarios that combine all bottlenecks, with and without an overlay of climate change.

Revisiting the Energy Consumption Growth Nexus for Croatia

Revisiting the Energy Consumption Growth Nexus for Croatia
Author: Nela Vlahinić
Publsiher: Unknown
Total Pages: 18
Release: 2015
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1307021236
Language: EN, FR, DE, ES & NL

Revisiting the Energy Consumption Growth Nexus for Croatia Book Review:

This paper applies the most recently developed autoregressive distributed lag (ARDL) co-integration procedure to re-investigate co-integration and the causal relationship between energy consumption and real GDP within a multivariate framework that includes capital stock and labor input for Croatia during the 1952-2011 period. The empirical results fully support a positive long-run co-integrated relationship between production inputs and real GDP and the important role of energy in economic growth. It is found that a unidirectional causality runs from total final energy consumption to real GDP in the long run and that a bidirectional causality in the short run, which means that energy is a necessary requirement for economic growth. Additionally, the reduction in energy consumption could adversely affect GDP in the short and long run. Therefore, Croatia should adopt a more vigorous economic policy aimed toward increasing investments in installed energy capacities and reforming the economic structure towards re-industrialization and more energy-efficient industries.

Econometrics of Green Energy Handbook

Econometrics of Green Energy Handbook
Author: Muhammad Shahbaz,Daniel Balsalobre-Lorente
Publsiher: Springer
Total Pages: 330
Release: 2020-08-20
ISBN 10: 9783030468460
ISBN 13: 3030468461
Language: EN, FR, DE, ES & NL

Econometrics of Green Energy Handbook Book Review:

This book gathers cutting-edge studies on the relationship between energy innovations, economic growth, environmental regulation, promotion of renewable energy use, and climate change. Building on the research discussed in the editor’s previous book Decarbonization and Energy Technology in the Era of Globalization, it discusses recent developments such as the impacts of globalization and energy efficiency on economic growth and environmental quality. It also explores the ways in which globalization has benefited green energy development, e.g. the expansion of new technologies and cleaner machinery, as well as the problems it has caused. Written by respected experts, the respective contributions address topics including econometric modelling of the behaviour of and dynamics between economic growth and environmental quality, aspects of energy production and consumption, oil prices, economic growth, trade openness, environmental quality, regulatory measures, and innovations in the energy sector. Providing a comprehensive overview of the latest research, the book offers a valuable reference guide for researchers, policymakers, practitioners and students in the fields of renewable energy development and economics.

Energy Consumption and Economic Growth

Energy Consumption and Economic Growth
Author: Ansgar Belke,Christian Dreger,Frauke de Haan
Publsiher: Unknown
Total Pages: 22
Release: 2010
ISBN 10: 9783867882149
ISBN 13: 3867882142
Language: EN, FR, DE, ES & NL

Energy Consumption and Economic Growth Book Review:

Resource Accounting for Sustainability Assessment

Resource Accounting for Sustainability Assessment
Author: Mario Giampietro,Richard J. Aspinall,Jesus Ramos-Martin,Sandra G. F. Bukkens
Publsiher: Routledge
Total Pages: 250
Release: 2014-05-30
ISBN 10: 1317962087
ISBN 13: 9781317962083
Language: EN, FR, DE, ES & NL

Resource Accounting for Sustainability Assessment Book Review:

The demands placed on land, water, energy and other natural resources are exacerbated as the world population continues to increase together with the expectations of economic growth. This, combined with concerns over environmental change, presents a set of scientific, policy and management issues that are critical for sustainability. Resource Accounting for Sustainability Assessment: The nexus between energy, food, water and land use offers an approach for multi-scale, integrated assessment of this nexus. It presents a comprehensive and original method of resource accounting for integrated sustainability assessments. The approach is illustrated with three detailed case studies: the islands of Mauritius, the Indian state of Punjab, and the energy economy of South Africa. The relationships between flows of goods, services and materials in these case studies offer valuable insights. The book provides a much needed quality control on the information used in deliberative processes about policy and planning activities. This innovative book will be of interest to researchers, students and practitioners in the fields of sustainability science, international development, industrial ecology, sustainable resource management, geography and ecological economics.

Beyond Traditional Probabilistic Methods in Economics

Beyond Traditional Probabilistic Methods in Economics
Author: Vladik Kreinovich,Nguyen Ngoc Thach,Nguyen Duc Trung,Dang Van Thanh
Publsiher: Springer
Total Pages: 1157
Release: 2018-11-24
ISBN 10: 3030042006
ISBN 13: 9783030042004
Language: EN, FR, DE, ES & NL

Beyond Traditional Probabilistic Methods in Economics Book Review:

This book presents recent research on probabilistic methods in economics, from machine learning to statistical analysis. Economics is a very important – and at the same a very difficult discipline. It is not easy to predict how an economy will evolve or to identify the measures needed to make an economy prosper. One of the main reasons for this is the high level of uncertainty: different difficult-to-predict events can influence the future economic behavior. To make good predictions and reasonable recommendations, this uncertainty has to be taken into account. In the past, most related research results were based on using traditional techniques from probability and statistics, such as p-value-based hypothesis testing. These techniques led to numerous successful applications, but in the last decades, several examples have emerged showing that these techniques often lead to unreliable and inaccurate predictions. It is therefore necessary to come up with new techniques for processing the corresponding uncertainty that go beyond the traditional probabilistic techniques. This book focuses on such techniques, their economic applications and the remaining challenges, presenting both related theoretical developments and their practical applications.

Climate Energy and Water

Climate  Energy and Water
Author: Jamie Pittock,Karen Hussey,Stephen Dovers
Publsiher: Cambridge University Press
Total Pages: 352
Release: 2015-03-19
ISBN 10: 1107029163
ISBN 13: 9781107029163
Language: EN, FR, DE, ES & NL

Climate Energy and Water Book Review:

A comprehensive and up-to-date analysis of the climate-energy-water nexus for advanced students, researchers and policymakers in environmental policy and science.

The Dynamics of Growth in Emerging Economies

The Dynamics of Growth in Emerging Economies
Author: Arzu Akkoyunlu Wigley,Selim Çağatay
Publsiher: Routledge
Total Pages: 340
Release: 2018-12-19
ISBN 10: 0429790732
ISBN 13: 9780429790737
Language: EN, FR, DE, ES & NL

The Dynamics of Growth in Emerging Economies Book Review:

How can Turkey increase its medium- and long-term growth potential? Despite episodes of fast growth, this has become a vital question for the Turkish economy, in order to avoid being stuck in a middle-income trap. There has been an increase in the number of studies presenting growth in Turkey and quantifying the sources of economic growth, however, due to the difference in the main underlying assumptions and the time period covered in these studies, the results differ. The second strand of literature on growth in Turkey identifies the relative underperformance of the Turkish economy by developing models with microeconomic foundations. Given the fact that there are a large number of studies investigating the macro dynamics of growth in Turkey, the book’s unique focus on the "neglected" issues in growth discussions closes the gap in the existing literature. It addresses the micro, macro, regional, and gender aspects, the environment–energy–growth nexus, as well as the microeconomic dynamics of growth. It also analyses the other significant determinants of long run growth in Turkey such as import dependency and saving-investment decision. The authors provide a macro overview of all of the precluded subjects in order to evaluate them in relation to one other, as well as to derive policy conclusions from them. This book primarily targets academics as well as graduate and undergraduate social sciences and humanities students both in Turkey and other countries. It is also a must read for researchers and policy makers not only in Turkey but also in other developing economies and is of interest to specialists of non-governmental and non-profit organizations.

Energy Consumption and Economic Growth Nexus in Ghana

Energy Consumption and Economic Growth Nexus in Ghana
Author: Abraham Lartey
Publsiher: Unknown
Total Pages: 24
Release: 2018
ISBN 10: 1928374650XXX
ISBN 13: OCLC:1304414302
Language: EN, FR, DE, ES & NL

Energy Consumption and Economic Growth Nexus in Ghana Book Review:

The main purpose of this study is to examine the nexus between energy consumption disaggregated into Petroleum and Electricity Consumption and Economic Growth in Ghana in a cointegrated VAR framework. The Johansen test of cointegration indicates that there is no long run relationship between electricity consumption and economic growth. On the other hand, the Johansen test of cointegration indicates that there is a positive long run relationship between petroleum consumption and economic growth. Since there was no existence of long run relationship between electricity consumption and economic growth, the variables were first differenced, and the causality test conducted in a VAR framework. The results of the Granger causality based on the VAR revealed that there is a unidirectional causality from economic growth to electricity consumption in Ghana. The granger causality based on the Vector Error Correction Model (VECM) revealed that there is a unidirectional causality running from petroleum consumption to economic growth in both the short and long run. The impulse response function shows that economic growth responds positively to shocks in petroleum consumption whiles electricity consumption responds positively to a shock in economic growth. It is recommended that appropriate electricity conservation measures should be developed and intensified since this will not retard growth in the economy. Also, petroleum consumption seems to be an important principal factor in short run as well as in the long run for the Ghanaian economy, policies should therefore be targeted at making constant and available petroleum products so that the Ghanaian economy can grow positively.

Sustainable Development and Resource Productivity

Sustainable Development and Resource Productivity
Author: Harry Lehmann
Publsiher: Routledge
Total Pages: 368
Release: 2020-11-02
ISBN 10: 1000213749
ISBN 13: 9781000213744
Language: EN, FR, DE, ES & NL

Sustainable Development and Resource Productivity Book Review:

The fourth Factor X publication from the German Environment Agency (Umweltbundesamt, UBA), Sustainable Development and Resource Productivity: The Nexus Approaches explores the interdependencies of sustainable development paths and associated resource requirements, describing and analysing the necessities for a more resource efficient world. The use of and competition for increasingly scarce resources are growing worldwide with current production and consumption patterns of industrialised economies soon to reach the point where the ecosphere will be overtaxed far beyond its limits. Against this background, this volume examines the important initiatives to monitor resource use at the international, EU and national level. The current trends and challenges related to sustainable resource use are discussed, including international challenges for a resource efficient world, megatrends, justice and equitable access to resources. In the second part of the book, contributions examine implementation strategies. They assess the concept known as circular economy and discuss the theory of growth and the role of the financial and education systems. The final section places special emphasis on practical examples. Overall, the book presents concrete ways and examples of achieving more sustainability in practice. Discussing solutions for a more sustainable use of natural resources, this book is essential reading for scholars and students of natural resources and sustainable development and decision-makers and experts from the fields of policy development, industry and civil society.

Energy Resources in Bangladesh

Energy Resources in Bangladesh
Author: Sakib Bin Amin,Saanjaana Rahman
Publsiher: Springer
Total Pages: 151
Release: 2018-11-28
ISBN 10: 3030029190
ISBN 13: 9783030029197
Language: EN, FR, DE, ES & NL

Energy Resources in Bangladesh Book Review:

This book discusses the energy issues facing Bangladesh, specifically the lack of access to electricity that impedes overall development. In-depth chapters examine critical energy problems and provide possible solutions including energy conversion and energy efficiency and the utilization of energy reform strategies for further development of the energy sector. This book is useful to students and practitioners seeking a clearer understanding of contemporary energy issues, energy markets and their sustainable development, including modern technologies for energy conversion from as waste and strategies for efficiency. It presents thought-provoking ideas and strategies to help Bangladesh achieve Sustainable Development Goals (SDGs) and transition to an upper-middle income country by 2021, through the utilization of proper energy policies.

Implementing the Water Energy Food Ecosystems Nexus and Achieving the Sustainable Development Goals

Implementing the Water Energy Food  Ecosystems Nexus and Achieving the Sustainable Development Goals
Author: Cesar Carmona-Moreno,E. Crestaz,Y. Cimmarrusti,F. Farinosi,M. Biedler,A. Amani,A. Mishra,A. Carmona-Gutierrez
Publsiher: IWA Publishing
Total Pages: 160
Release: 2021-09-15
ISBN 10: 9781789062588
ISBN 13: 1789062586
Language: EN, FR, DE, ES & NL

Implementing the Water Energy Food Ecosystems Nexus and Achieving the Sustainable Development Goals Book Review:

The book’s primary intention is to serve as a roadmap for professionals working in developing countries interested in the Nexus Water-Energy-Food-Ecosystems (WEFE) approach. The book shows a multi-disciplinary approach, showcasing the importance of the proper use of Nexus WEFE when implementing certain development programs in regions around the globe. It can be presented as a manual for an individual that either wishes to implement intervention projects following the NEXUS approach or students interested in cooperation and development. The book begins with a general explanation of the theoretical concepts and implementation processes of Nexus WEFE and continues getting into case studies, explaining the importance of proper implementation and potential drawbacks and solutions to them. This book has a particular focus on the European Union cooperation policies when implementing such an approach in developing countries.

The Water Food Energy and Climate Nexus

The Water  Food  Energy and Climate Nexus
Author: Felix Dodds,Jamie Bartram
Publsiher: Routledge
Total Pages: 292
Release: 2016-03-31
ISBN 10: 131727783X
ISBN 13: 9781317277835
Language: EN, FR, DE, ES & NL

The Water Food Energy and Climate Nexus Book Review:

Global trends of population growth, rising living standards and the rapidly increasing urbanized world are increasing the demand on water, food and energy. Added to this is the growing threat of climate change which will have huge impacts on water and food availability. It is increasingly clear that there is no place in an interlinked world for isolated solutions aimed at just one sector. In recent years the "nexus" has emerged as a powerful concept to capture these inter-linkages of resources and is now a key feature of policy-making. This book is one of the first to provide a broad overview of both the science behind the nexus and the implications for policies and sustainable development. It brings together contributions by leading intergovernmental and governmental officials, industry, scientists and other stakeholder thinkers who are working to develop the approaches to the Nexus of water-food-energy and climate. It represents a major synthesis and state-of-the-art assessment of the Nexus by major players, in light of the adoption by the United Nations of the new Sustainable Development Goals and Targets in 2015. With a foreword by HRH the Prince of Wales

Drawdown

Drawdown
Author: Paul Hawken
Publsiher: Penguin
Total Pages: 256
Release: 2017-04-18
ISBN 10: 1524704652
ISBN 13: 9781524704650
Language: EN, FR, DE, ES & NL

Drawdown Book Review:

• New York Times bestseller • The 100 most substantive solutions to reverse global warming, based on meticulous research by leading scientists and policymakers around the world “At this point in time, the Drawdown book is exactly what is needed; a credible, conservative solution-by-solution narrative that we can do it. Reading it is an effective inoculation against the widespread perception of doom that humanity cannot and will not solve the climate crisis. Reported by-effects include increased determination and a sense of grounded hope.” —Per Espen Stoknes, Author, What We Think About When We Try Not To Think About Global Warming “There’s been no real way for ordinary people to get an understanding of what they can do and what impact it can have. There remains no single, comprehensive, reliable compendium of carbon-reduction solutions across sectors. At least until now. . . . The public is hungry for this kind of practical wisdom.” —David Roberts, Vox “This is the ideal environmental sciences textbook—only it is too interesting and inspiring to be called a textbook.” —Peter Kareiva, Director of the Institute of the Environment and Sustainability, UCLA In the face of widespread fear and apathy, an international coalition of researchers, professionals, and scientists have come together to offer a set of realistic and bold solutions to climate change. One hundred techniques and practices are described here—some are well known; some you may have never heard of. They range from clean energy to educating girls in lower-income countries to land use practices that pull carbon out of the air. The solutions exist, are economically viable, and communities throughout the world are currently enacting them with skill and determination. If deployed collectively on a global scale over the next thirty years, they represent a credible path forward, not just to slow the earth’s warming but to reach drawdown, that point in time when greenhouse gases in the atmosphere peak and begin to decline. These measures promise cascading benefits to human health, security, prosperity, and well-being—giving us every reason to see this planetary crisis as an opportunity to create a just and livable world.

The Economic Growth Engine

The Economic Growth Engine
Author: Robert U. Ayres,Benjamin Warr
Publsiher: Edward Elgar Publishing
Total Pages: 448
Release: 2010-01-01
ISBN 10: 1848445954
ISBN 13: 9781848445956
Language: EN, FR, DE, ES & NL

The Economic Growth Engine Book Review:

It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam