Energy and the U.S. Economy: A Biophysical Perspective
@article{Cleveland1984EnergyAT, title={Energy and the U.S. Economy: A Biophysical Perspective}, author={C. Cleveland and R. Costanza and C. A. Hall and R. Kaufmann}, journal={Science}, year={1984}, volume={225}, pages={890 - 897} }
A series of hypotheses is presented about the relation of national energy use to national economic activity (both time series and cross-sectional) which offer a different perspective from standard economics for the assessment of historical and current economic events. The analysis incorporates nearly 100 years of time series data and 3 years of cross-sectional data on 87 sectors of the United States economy. Gross national product, labor productivity, and price levels are all correlated closely… CONTINUE READING
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