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:	2007-02-01
Authors:	PÉREZ-BARAHONA, Agustin
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	nonrenewable resources \| energy-saving technical progress \| economic growth

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Extent:	application/pdf
Series:	CORE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Center for Operations Research and Econometrics (CORE) Number 2007008
Classification:	O30 - Technological Change; Research and Development. General ; 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/10005008526