How IIER evaluates energy alternatives
The debate about future energy alternatives can be an emotional and heated one. Many people believe that renewables, such as wind and solar power, are the answer; others dismiss those technologies outright. The same is true for energy applications, including passenger cars, where various alternative concepts are under evaluation or beginning production – including more efficient internal combustion engines, electric vehicles, and hydrogen powered cars.
Often, proponents lose their objectivity when defending a particular approach. At IIER, we see it as our responsibility to provide an unbiased perspective on alternative technologies, aimed at helping individuals, companies and governments make their decisions.(Feb 04, 2010)
Energy related research
Mostly, today's macroeconomic theory defines economic output as the result of a deliberately chosen combination of human labor and capital input (buying materials, infrastructure, services, etc). Over time output from a given quantity of inputs improves due to efficiency and/or productivity gains. These gains are typically included as an additional factor in production functions. Over the past two centuries, both labor and capital productivity have been growing more or less continuously, indicating an ever-improving economy.(Oct 01, 2009)