Welsch, Heinz; Eisenack, Klaus - In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 4, pp. 490-499
Summary Based on the observation that energy costs have been decreasing over much of the 20th century, this paper extends the Romer (1990) model of endogenous technological change to examine the impact of secular changes in energy costs on technological progress and long-run growth. The key...
