A comparative study of Energy Saving Technical Progress in a Vintage Capital Model

We analyzed the hypothesis about the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation. In a general equilibrium vintage capital model with embodied energy saving technical progress, we show that the success of energy saving technologies is questionable in a scenario of deceasing energy supply. Only constant returns to scale, with constant energy suply, yields long run growth.

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Year of publication:	2004-02-01
Authors:	Agustin, PEREZ-BARAHONA ; Benteng, ZOU
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	Non renewable resources \| Energy saving technological progress \| Vintage capital

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Extent:	application/pdf
Series:	Discussion Papers (IRES - Institut de Recherches Economiques et Sociales).
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) Number 2004002 1 pages long
Classification:	C68 - Computable General Equilibrium Models ; O31 - Innovation and Invention: Processes and Incentives ; O41 - One, Two, and Multisector Growth Models ; Q32 - Exhaustible Resources and Economic Development ; Q43 - Energy and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004985081