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On relationships between material flow and economic development in an economic–material flow system
Author(s) -
Tian Yuan,
Xu Shoubo,
Wang Li,
Chaudhry Peggy
Publication year - 2009
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.977
Subject(s) - index (typography) , econometrics , economics , consumption (sociology) , mathematics , elasticity (physics) , flow (mathematics) , statistics , computer science , thermodynamics , sociology , physics , geometry , social science , world wide web
Based on material flow (MF) theory, this paper proposes two kinds of relationships between MF and economic development in an economic–MF system. First, the relationship between MF input and economic output, weighed by the two indexes ‘MF economic efficiency (MF economic effect coefficient)’ and ‘MF input coefficient (MF consumption coefficient)’; and second, the relationship between MF input increment rate and economic output increment rate, weighed by the index ‘MF input elasticity coefficient’. Using a mathematical interpretation among the above three indexes, the authors propose the developing and changing patterns of the three indexes with demonstration analysis. Copyright © 2009 John Wiley & Sons, Ltd.