Kander, Astrid; Stern, David I. - In: Energy Economics 46 (2014) C, pp. 56-65
We examine the role of substitution from traditional to modern energy carriers and of differential rates of innovation in the use of each of these in economic growth in Sweden from 1850 to 1950. We use a simple growth model with a nested CES production function and exogenous factor-augmenting...