Economic Growth Essay Example | Topics and Well Written Essays - 750 words

Economic Growth - Essay Example Therefore, the small statistics resulted to minor percentage. The ideology that populaces were small depicts that fewer investments counted. These affected contributors owing to GDP. Contrary, 2010 depicted percentage that exceeded 100. This gains exemplifications from the ideology that entailed a population outburst in 2010. Therefore, greater populaces depicted increased investments, consumptions and per capita earnings (Romer, 2007: pp, 1). These aspects entailed summations of the percentages. The contributing factors to GDP kept changing concerning 1980 until 2010.These changes emanate from crucial factors. Increased populaces contribute exceptionally to GDP. This entails explanations from the ideology that greater populaces result to increased demand. With increased demands, another instigated aspect would be greater supplies in market places. Therefore, demand influences consumption. This counts greatly to GDP owing to the information that entails considerations involving consumption while calculating GDP. Another aspect involves government spending. This draws explanation from the information that increased populaces result to greater spending by governments (Romer, 2007: pp, 3). This exemplifies that the government undertakes offering extra programs because of increased populace. These programs involve health and developments like roads.GDP changes owe their predicament to alteration of per capita. This exemplifies that per capita earnings influence contributors to G DP. Romer expounds that technology entails the intrinsic importance of steering economic intensification. Romer’s argument that people’s innovations count greatly to economies encompasses inevitable intensity. He exemplifies that technology comprises the greatest portion in economies. Technology developments result to rich opportunities. These opportunities expound that people’s ideas and ingenuity count mostly (Romer, 2007: pp, 4). This revolutionized

How Safe IS The Biodiesel for Air Transportation Essay

How Safe IS The Biodiesel for Air Transportation - Essay Example This paper will evaluate the safety of using biodiesel in air transportation. Significance of Air Transportation Critics have challenged the probability of Air transport being the best mode of transport despite the many advantages attributed to it. Irrespective of this, this form of transport is of great significance because it has offered the globe a fast and reliable connectivity. The industry has introduced realms of possibilities. Traversing continents takes a few days or hours depending on the choice of flight connectivity. Air transport is very crucial for global trade especially trade surrounding perishable goods. Tourism is an additional sector that is only a possibility because of air transport. Tourism is an economic stronghold in many nations and contributes immensely to economic growth. Air transportation makes it is simpler for people to import and export culture. In the past, this critical sector has relied on the use of petroleum diesel for its engines. Despite the num erous technological changes that surround the aviation industry, the industry has persisted in its dependence on fossil fuels. However, the recent environmental concerns about the emission of greenhouse gases by fossil fuels, and the resulting consequences have compelled experts to embark on the search for reliable and cleaner sources that promise both economical and environmental sustainability (Pandey 34). Fossil fuels have threatened the environment with the uncontrollable emission of greenhouse gases and hydrocarbons into the environment initiating and enhancing global warming. The search for alternative energy sources has identified biodiesel as a reliable energy source. More importantly, future prospects indicate that biodiesel will be a reliable source to drive the aviation industry. Analysis of the potential benefits of biodiesel presents a promising future. Compared to fossil fuels, biodiesel releases zero percent of sulfates while fossil fuels release a high percentage of these (Metz 30). Moreover, with biodiesel, the aviation industry has the assurance of 78 percent less carbon dioxide in the atmosphere. Such immense reduction of carbon dioxide has been the central focus of many researchers in the recent past. Intensive research has revealed the different cycles of fossil use and biodiesel use. In the fossil use case, each step involves the release of carbon monoxide into the atmosphere (Pandey 56). However, the cycle does exhibit any possibility of recycling in the atmosphere. On the contrary, fossil fuels bring a new supply of carbon dioxide into the atmosphere from the ground. On the other hand, biodiesel use exhibits a possibility of recycling. Sources of biodiesel include feedstock from oils, plants, and algae. Plants utilize carbon dioxide that is available in the atmosphere for the manufacture of carbohydrates that are very crucial for metabolism. Extraction of biodiesel from plant feedstock can produce either first generation of second gener ation biodiesel. Although the processing and use of the biodiesel in aviation releases carbon dioxide to the atmosphere, it does not destruct the carbon dioxide cycle because the amount released becomes critical for the growth of more plants (Ellman 120). Replacing petroleum diesel used in the aviation industry with biodiesel will serve to eliminate the additional release of carbon dioxide to the atmosphere from fossil fuels. This will reduce the 78 percent of carbon dioxide