Electricity shortage has become a major challenge to continued economic growth in Bangladesh. The country is growing in terms of GDP growth at a rate of 7% a year. Bangladesh is expected to move towards 23rd position globally by 2050 from its position 31 in 2014, in terms of GDP at purchasing...

The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous...