Azomahou, Théophile T.; Boucekkine, Raouf; Nguyen-Vanc, Phu - Department of Economics, Adam Smith Business School - 2009
We develop a general equilibrium multi-sector vintage capital model with energy-saving technological progress and an explicit energy market to study the impact of investment subsidies on investment and output. Energy and capital are assumed to be complementary in the production process. New...