The problem of non-renewable energy resources in the production of physical capital

This paper studies the possibilities of technical progress to deal with the growth limit problem imposed by the usage of non-renewable energy resources, when physical capital production is relatively more energy-intensive than consumption. In particular, this work presents the conditions under which energy-saving technologies can sustain long-run growth, although energy is produced by means of non-renewable energy resources. The mechanism behind that is energy efficiency.

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Year of publication:	2007-01-01
Authors:	Agustin, PEREZ-BARAHONA
Institutions:	Institut de Recherche Économique et Sociale (IRES), École des Sciences Économiques de Louvain
Subject:	Nonrenewable resources \| Energy-saving technical progress \| Economic growth

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Extent:	application/pdf
Series:	Discussion Papers (ECON - Département des Sciences Economiques).
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Sciences Economiques Number 2007007 2 pages long
Classification:	O31 - Innovation and Invention: Processes and Incentives ; O41 - One, Two, and Multisector Growth Models ; Q30 - Nonrenewable Resources and Conservation. General ; Q43 - Energy and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004984867