Ezra Mishan's Cost of Economic Growth: Evidence from the Entropy of Environmental Capital

Dodo J. Thampapillai
{"title":"Ezra Mishan's Cost of Economic Growth: Evidence from the Entropy of Environmental Capital","authors":"Dodo J. Thampapillai","doi":"10.1142/S021759081640018X","DOIUrl":null,"url":null,"abstract":"Ezra Mishan’s (1967) famous articulation of the costs of economic growth included amongst others the rearrangement and loss of nature. This paper builds on this theme by recourse to two important concepts in science, namely the assimilative capacity of nature and the entropy of law of thermodynamics. These concepts enable the formulation of an alternative conceptual framework for the explanation of national income (Y) in terms of factor-utilization. In this framework, environmental capital (KN) is an explicit factor besides manufactured capital (KM) and labor (L). A simple methodology that permits the estimation of the volume of KN utilized is used towards demonstrating that economic growth is an entropic process. Empirical illustration of KN utilization as point-estimates is made for Australia and South Korea.","PeriodicalId":406980,"journal":{"name":"Lee Kuan Yew School: International Economy/Regional Economy (Topic)","volume":"23 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Lee Kuan Yew School: International Economy/Regional Economy (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/S021759081640018X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5

Abstract

Ezra Mishan’s (1967) famous articulation of the costs of economic growth included amongst others the rearrangement and loss of nature. This paper builds on this theme by recourse to two important concepts in science, namely the assimilative capacity of nature and the entropy of law of thermodynamics. These concepts enable the formulation of an alternative conceptual framework for the explanation of national income (Y) in terms of factor-utilization. In this framework, environmental capital (KN) is an explicit factor besides manufactured capital (KM) and labor (L). A simple methodology that permits the estimation of the volume of KN utilized is used towards demonstrating that economic growth is an entropic process. Empirical illustration of KN utilization as point-estimates is made for Australia and South Korea.
埃兹拉·米珊的经济增长成本:来自环境资本熵的证据
埃兹拉•米尚(1967)对经济增长成本的著名阐述包括自然资源的重新安排和丧失。本文借助两个重要的科学概念,即自然的同化能力和热力学定律的熵,以此为基础。这些概念能够为从要素利用角度解释国民收入(Y)拟订另一种概念框架。在这个框架中,环境资本(KN)是除了制造资本(KM)和劳动力(L)之外的一个明确因素。一种允许估计所利用的KN量的简单方法用于证明经济增长是一个熵过程。以澳大利亚和韩国为例,以点估计的形式对KN利用率进行实证说明。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信