Journal
for Economic Forecasting
Volume 4,
Issue 4, December 2007
Iorgulescu Polimeni, Raluca and Polimeni, John M. : Multi-Scale Integrated Analysis of Societal Metabolism and Jevons’ Paradox for Romania, Bulgaria, Hungary and Poland. Published in Romanian Journal of Economic Forecasting,
4, 2007.Full text available online
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International agencies and national governments base their energy strategies on gross domestic product (GDP) growth rates and energy intensity goals. Given the complexity of the transition process from a command economy to an open-market economy in Central and Eastern Europe, this paper argues that the use of energy intensity as an objective for the energy policy is overly simplified and suggests that a more accurate governance tool is the combined analysis of economic labor productivity and exosomatic metabolic rates as defined in the Multi-Scale Integrated Assessment of Societal Metabolism approach. The cases of structural change in Bulgaria, Poland, Hungary, and Romania are used to investigate the aforementioned claim.
Keywords: energy, Jevons’ paradox, transitional economies, societal metabolism, MSIASM, Romania
JEL Classification: O13, P28, Q4, N7