Aggregate Energy, Efficiency, and Productivity Measurement

摘要: This paper provides a framework within which alternative-energy-productivity measures can be analyzed and interpreted. In the first section author considers thermodynamic economic foundations, discusses implications of Second Law efficiency measures. third he assumptions implicit in aggregate Btu measurement, proposes an alternative indexing procedure more consistent with theory. The fourth brief historical survey several major average energy productivity studies then goes on to discussion theory underlying input total factor productivity. elasticity is shown negative economist's traditional price demand. fifth section, recent econometric evidence bearing quantitative magnitudes factors affecting movements surveyed. final concludes summarizes. 65 references.