Neoliberalism, Global Imbalances, and Stages of Capitalist Development

This paper examines certain structural macroeconomic relations in the neoliberal global economy. The current global economy rests upon three unsustainable trends: the debt-driven U.S. consumption expansion; China’s excessive investment expansion; and the large and rising U.S. current account deficits. When these trends are eventually reversed or corrected, there could be major upheavals in the world economy. The decline of neoliberalism may pave the way for a new set of economic, political, and social institutions.Neoliberalism, U.S. Economy, Chinese Economy, Imbalances, Long Waves

Neoliberalism, Global Imbalances, and Stages of Capitalist Development

This paper examines certain structural macroeconomic relations in the neoliberal global economy. The current global economy rests upon three unsustainable trends: the debt-driven U.S. consumption expansion; China’s excessive investment expansion; and the large and rising U.S. current account deficits. When these trends are eventually reversed or corrected, there could be major upheavals in the world economy. The decline of neoliberalism may pave the way for a new set of economic, political, and social institutions

Energy Flexibility of Building Cluster – Part I: Occupancy Modelling

With the growing application of renewable energy, the stability of power systems can be seriously affected due to the fluctuations in the instantaneous generated power. As one of the potential solutions for this upcoming challenge, energy flexibility of buildings has received attention for research and technology development. Demand response and energy flexibility should be implemented at a large scale to have the accumulated energy flexibility to a magnitude, which can be meaningful for energy sectors. Studies have shown that the energy flexibility of a building is greatly influenced by both building physical characteristics and occupancy pattern of residents. To the best knowledge of authors, occupancy has not been considered in the study of building cluster. The aim of this paper is to present the modelling process of occupancy/vacancy of Danish households based on Danish Time Use Survey (DTUS) 2008/09 data. In this paper, we present a data-driven approach to generate occupancy/vacancy models for different types of household and for building cluster of different scales. As the result, vacancy profile and vacancy duration models are developed. The stochasticity of occupancy is also unveiled. The next step is to apply these models to quantify energy flexibility of building cluster and the uncertainty of energy flexibility due to the stochastic occupancy