Contents

List of figures vi

List of tables xi

Preface and acknowledgments xiii

Introduction xv

1. Background 1

2. Technical progress 30

3. Industrial metabolism: mass/energy flows 62

4. Exergy conversion to useful work 89

5. Economic growth theories 134

6. The production function approach 175

7. Numerical results for the US and Japan 197

8. Growth forecasting 222

9. Economic growth and development: towards a catch-up model (simplified REXSF model) 252

10. Conclusions, implications and caveats 295

Appendices 311

References 353

Index 393

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