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Electricity Economics: Production Functions with Electricity (Hardcover, 2013 ed.)
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Electricity Economics: Production Functions with Electricity (Hardcover, 2013 ed.)
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Electricity Economics: Production Functions with Electricity
studies the production output from analyzing patterns of
electricity consumption. Since electricity data can be used to
measure scenarios of economic performance due to its accuracy and
reliability, it could therefore also be used to help scholars
explore new research frontiers that directly and indirectly
benefits human society. Our research initially explores a similar
pattern to substitute the Cobb-Douglas function with the production
function with electricity to track and forecast economic
activities. The book systematically introduces the theoretical
frameworks and mathematical models of economics from the
perspective of electricity consumption. The E-GDP functions are
presented for case studies of more than 20 developed and developing
countries. These functions also demonstrate substantial
similarities between human DNA and production functions with
electricity in terms of four major characteristics, namely
replication, mutation, uniqueness, and evolution. Furthermore, the
book includes extensive data and case studies on the U.S., China,
Japan, etc. It is intended for scientists, engineers, financial
professionals, policy makers, consultants, and anyone else with a
desire to study electricity economics as well as related
applications. Dr. Zhaoguang Hu is the vice president and chief
energy specialist at the State Grid Energy Research Institute,
China. Zheng Hu is a PhD candidate at the Center for Energy and
Environmental Policy, University of Delaware, USA.
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