We measure energy price induced technological progress using directional distance function for a panel data of 55 countries over the period 1974 to 2000 and find several important insights. First, we observe larger induced technological change effects in developed countries in the periods after...

This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource...