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The Model

The Model

Copyright: © 2018 |Pages: 30
ISBN13: 9781522527565|ISBN10: 1522527567|EISBN13: 9781522527572
DOI: 10.4018/978-1-5225-2756-5.ch002
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MLA

Benjamen Franklen Gussen. "The Model." Ranking Economic Performance and Efficiency in the Global Market: Emerging Research and Opportunities, IGI Global, 2018, pp.35-64. https://doi.org/10.4018/978-1-5225-2756-5.ch002

APA

B. Gussen (2018). The Model. IGI Global. https://doi.org/10.4018/978-1-5225-2756-5.ch002

Chicago

Benjamen Franklen Gussen. "The Model." In Ranking Economic Performance and Efficiency in the Global Market: Emerging Research and Opportunities. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-2756-5.ch002

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Abstract

This chapter introduces the ? model, the analytical model used to investigate the economic efficiency of countries. The chapter provides an explanation of this model through the second law of thermodynamics, the concept of ‘complex energy,' and the principle of equipartition (from statistical mechanics). To eliminate the need for using energy units, and to enable the conversion between different input and outputs, the engineering concept of per-unit is also introduced.

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