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This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model … that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of … solution in which only technologies are developed that are appropriate for production of non-energy intensive goods. …
Persistent link: https://www.econbiz.de/10010297442
purpose we use an intermediate sector that builds putty-practically-clay capital consisting of an amalgam of energy and raw … complications of a full putty-clay model. In addition, we introduce an R&D sector that develops renewable and conventional energy … desire to counteract the upward pressure on production cost implied by a continuing price increase of conventional energy …
Persistent link: https://www.econbiz.de/10010334201
This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model … that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of … solution in which only technologies are developed that are appropriate for production of non-energy intensive goods. …
Persistent link: https://www.econbiz.de/10010312277
We assess the effect of ITC in a global growth model, DEMETER-1CCS, with learning by doing where energy savings, an … energy transition, and carbon capturing and sequestration (CCS) are the main options for emissions reductions. The model …
Persistent link: https://www.econbiz.de/10010312616
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource … scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous … growth model that reconciles the current aggregate trends in energy use and productivity growth with the intertemporal …
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