Re-evaluating Energy Intensity: A New Methodological Framework

Kostas Bithas () and Panos Kalimeris

Chapter Chapter 5 in Revisiting the Energy-Development Link, 2016, pp 23-37 from Springer

Abstract: Abstract This chapter delineates an alternative framework for the empirical evaluation of the link between energy and growth. The fundamental principle is that the outcome of the economic system can only be seen at the human scale. The economy produces goods that provide economic welfare to human beings. Economic welfare is an individualistic perception arising from the satisfaction of human needs. Therefore the outcome of the economic system cannot be approximated by aggregate GDP without a clear reference to the people possessing this outcome. The proposed approach sets the economic process within the Coupled Human and Natural Systems (CHANS). This perception sheds light on two parameters that irrevocably define the Energy Intensity of the economy: the population related to the economy and the biophysical properties that good should have in order to be able to serve human needs.

Keywords: Human scale; Coupled human and natural systems; Economic welfare and utility; Biophysical analysis (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-20732-2_5

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DOI: 10.1007/978-3-319-20732-2_5

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