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of capital, reducing the research effort; and (ii) the modernization of capital through investment raises the incentives …, we conclude that the positive effect of modernization generally more than compensate the negative effect of obsolescence …
Persistent link: https://www.econbiz.de/10004985095
We first provide an empirical sstudy of the energy-saving technological progress on the ENERDATA database. Energy intensity is shown to decrease over the period 1971-1999 in OECD countries, indicating a significant energy-saving technical progress trend. We also show via semiparametric partially...
Persistent link: https://www.econbiz.de/10004985326
Edited volume of the contributions to the mini-symposium of the same title at the IAAE conference 2009.
Persistent link: https://www.econbiz.de/10010913516