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Entropy, Substitution and Sustainable Economic Growth

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  • Yanying Chen
  • Chunying Li

Abstract

In the debate over sustainable economic growth, two critical issues are elasticity of substitution and technical change. Due to entropy increasing law in MEI system, the elasticity of substitution between any two resources must decline to zero and the efficiency improvement of resources from technical change is also limited. Therefore, substitution and technical change can not sustain economic growth forever.

Suggested Citation

  • Yanying Chen & Chunying Li, 2011. "Entropy, Substitution and Sustainable Economic Growth," Research in World Economy, Research in World Economy, Sciedu Press, vol. 2(2), pages 66-70, October.
    • Handle: RePEc:jfr:rwe111:v:2:y:2011:i:2:p:66-70
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    References listed on IDEAS

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    4. Vollebergh, Herman R.J. & Kemfert, Claudia, 2005. "The role of technological change for a sustainable development," Ecological Economics, Elsevier, vol. 54(2-3), pages 133-147, August.
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    Cited by:

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    2. Cristiana Peano & Valentina Maria Merlino & Francesco Sottile & Danielle Borra & Stefano Massaglia, 2019. "Sustainability for Food Consumers: Which Perception?," Sustainability, MDPI, vol. 11(21), pages 1-15, October.
    3. Michael G. Luchs & Minu Kumar, 2017. "“Yes, but this Other One Looks Better/Works Better”: How do Consumers Respond to Trade-offs Between Sustainability and Other Valued Attributes?," Journal of Business Ethics, Springer, vol. 140(3), pages 567-584, February.
    4. Agostino Vollero & Alfonso Siano & Alessandra Bertolini, 2022. "Ex ante assessment of sustainable marketing investments," Italian Journal of Marketing, Springer, vol. 2022(3), pages 271-287, September.
    5. Esther Calderon-Monge & Ivan Pastor-Sanz & Pilar Huerta-Zavala, 2017. "Economic Sustainability in Franchising: A Model to Predict Franchisor Success or Failure," Sustainability, MDPI, vol. 9(8), pages 1-16, August.
    6. Bryan McIntosh & Bruce Sheppy & Juan David Zuliani, 2017. "The emperors clothes - corporate social responsibility creating shared value and sustainability," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 18(3), pages 307-326.
    7. Prošková Anna, 2015. "Embracing Sustainable Development Is An Ethical Decision," CRIS - Bulletin of the Centre for Research and Interdisciplinary Study, Sciendo, vol. 2015(1), pages 61-65, January.
    8. Nudurupati, Sai Sudhakar & Budhwar, Pawan & Pappu, Raja Phani & Chowdhury, Soumyadeb & Kondala, Mukesh & Chakraborty, Ayon & Ghosh, Sadhan Kumar, 2022. "Transforming sustainability of Indian small and medium-sized enterprises through circular economy adoption," Journal of Business Research, Elsevier, vol. 149(C), pages 250-269.
    9. Ian Thomas & Kathryn Hegarty & Stuart Whitman & Val Macgregor, 2012. "Professional Associations," Journal of Education for Sustainable Development, , vol. 6(1), pages 121-136, March.
    10. Chen, Lujie & Zhao, Xiande & Tang, Ou & Price, Lydia & Zhang, Shanshan & Zhu, Wenwen, 2017. "Supply chain collaboration for sustainability: A literature review and future research agenda," International Journal of Production Economics, Elsevier, vol. 194(C), pages 73-87.
    11. Dayana Jimenez & Isabel B. Franco & Tahlia Smith, 2021. "A Review of Corporate Purpose: An Approach to Actioning the Sustainable Development Goals (SDGs)," Sustainability, MDPI, vol. 13(7), pages 1-21, April.
    12. Fioravante Philip L., 2021. "A New Sustainability Model – A Four Essential Quadrants Framework," Economics and Culture, Sciendo, vol. 18(1), pages 113-124, June.
    13. Charney S. Akala & Taryn Neuhaus & Indrani O' Leary-Govender, 2022. "A Systematic Review of Sustainable Investment Approaches," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(12), pages 1-72, December.
    14. Moritz Wagner & Peter Stanbury & Tabea Dietrich & Johanna Döring & Joachim Ewert & Carlotta Foerster & Maximilian Freund & Matthias Friedel & Claudia Kammann & Mirjam Koch & Tom Owtram & Hans Reiner S, 2023. "Developing a Sustainability Vision for the Global Wine Industry," Sustainability, MDPI, vol. 15(13), pages 1-29, July.
    15. Svarca Arlind, 2015. "Sustainable Development Is In Everybody’s Interest," CRIS - Bulletin of the Centre for Research and Interdisciplinary Study, Sciendo, vol. 2015(1), pages 47-51, January.

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