TY - JOUR
T1 - The Economic Crisis and Sustainable Development
T2 - The Design of Job Creation Strategies by Use of Concrete Institutional Economics
AU - Lund, Henrik
AU - Hvelplund, Frede
PY - 2012/1
Y1 - 2012/1
N2 - This paper presents Concrete Institutional Economics as an economic paradigm to understand how the wish for sustainable energy in times of economiccrisis can be used to generate jobs as well as economic growth. In most countries, including European countries, the USA and China, the implementation of sustainable energy solutions involves the replacement of imported fossil fuels by substantial investments in energy conservation and renewable energy (RE). In such situation, it becomes increasingly essential to develop economic thinking and economic models that can analyse the concrete institutions in which the market is embedded. This paper presents such tools and methodologies and applies them to the case of the Danish heating sector. The case shows how investments in decreasing fossil fuels and CO2 emissions can be made in a way in which they have a positive influence on job creation and economicdevelopment as well as public expenditures.
AB - This paper presents Concrete Institutional Economics as an economic paradigm to understand how the wish for sustainable energy in times of economiccrisis can be used to generate jobs as well as economic growth. In most countries, including European countries, the USA and China, the implementation of sustainable energy solutions involves the replacement of imported fossil fuels by substantial investments in energy conservation and renewable energy (RE). In such situation, it becomes increasingly essential to develop economic thinking and economic models that can analyse the concrete institutions in which the market is embedded. This paper presents such tools and methodologies and applies them to the case of the Danish heating sector. The case shows how investments in decreasing fossil fuels and CO2 emissions can be made in a way in which they have a positive influence on job creation and economicdevelopment as well as public expenditures.
UR - http://www.scopus.com/inward/record.url?scp=84861761673&partnerID=8YFLogxK
U2 - 10.1016/j.energy.2012.02.075
DO - 10.1016/j.energy.2012.02.075
M3 - Journal article
SN - 0360-5442
VL - 43
SP - 192
EP - 200
JO - Energy
JF - Energy
IS - 1
ER -