Econodynamics by Vladimir N. Pokrovskii

Author:Vladimir N. Pokrovskii
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

7.1.4 Decomposition of Primary Energy

One can assume that, in accordance with the speculations of Sect. 2.​5.​1, the total primary energy E can be broken down into two parts,

(7.9)

The last part is the amount of energy carriers providing, after some transformation, the pure work of production equipment P, which is only a small part of total primary energy E. The two constituents of primary energy, as functions of time, behave differently with respect to labour L as function of time. The property of production factor P to be a substitute for labour allows us to state that an increase in consumption of substitutive work, which corresponds to an increase in consumption of primary substitutive work, can lead to a decrease in consumption of labour and otherwise. One expects the change of the first part to correlate with the change of labour, and the change of the second part to anti-correlate.

To analyse the situation, following [2], one has to consider the growth rates of the production factors, which, as was shown earlier, are connected with the investment I, depreciation coefficient , and technological characteristics, , of a production system by Eq. (7.5). The non-dimensional technological coefficients are characteristics of production equipment, which denote the required amount of labour and substitutive work per unit of introduced equipment (measured in units of total amount of capital K), respectively. The technological coefficients apparently have to be considered for characterisation of the process of substitution. From the definition of substitutive work and empirical investigation of these quantities (see Fig. 7.2), one has to define the correlation1 of the technological coefficients as

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.