Jevon’s Paradox: The Cases of India and China
Jevons’ Paradox hypothesizes that natural resource usage increases despite more efficient technological improvements. Since natural resources are used to produce energy and consumer goods, understanding how more efficient technological improvements affect resource usage is important for policymakers. China and India are very interesting case studies because they are two of the fastest growing economies, as well as the two largest populations, in the world. To feed this economic growth and their population, a substantial amount of resource consumption is necessary. If China and India exhibits Jevons’ Paradox, then, due to scarce energy resources, the repercussions will be felt worldwide. In this paper, we will empirically show that Jevons’ Paradox is likely in existence for China and India, the reasons for the presence of the paradox, and the resulting public policy implications and the applications for sustainable economic development policies.
Keywords: Jevons Paradox, Energy Efficiency, Ecological Economics, Energy Economics
Dr. John M. Polimeni
Assistant Professor of Economics, Department of Pharmacy Practice, Albany College of Pharmacy
Dr. Polimeni is the managing editor of the International Journal of Transdisciplinary Research, an international journal devoted to integrating the study of economics with disciplines within the natural and social sciences, as well as the humanities. Dr. Polimeni is a Fellow Member of the International Congress of Chemistry and Environment and has been named an Honorary Member of the Scientific Council of the Romanian National Academy of Science. His primary research interests are energy efficiency, economic development, agriculture, and sustainability. Dr. Polimeni has published several articles in these fields. Additionally, he has co-authored a book "Jevons' Paradox and the Myth of Resource Efficiency" which was published by Earthscan Publishers in January 2008.