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| Author: | Ayres, R. |
| Title: | Thermodynamics and process analysis for future economic scenarios |
| Journal: | Environmental and Resource Economics
1995 : OCT, VOL. 6:3, p. 207-230 |
| Index terms: | SCENARIOS LIFE CYCLES FUTURE |
| Language: | eng |
| Abstract: | Economists are increasingly interested in forecasting future costs and benefits of policies for dealing with materials/energy fluxes, polluting emissions and environmental impacts on various scales, from sectoral to global. Computable general equilibrium (CGE) models are currently popular because they project demand and industrial structure into the future, along an equilibrium path. But they are applicable only to the extent that structural changes occur in or near equilibrium, independent of radical technological (or social) change. |
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