A comparative study of energy saving technical progress in a vintage capital model

Agustín Pérez-Barahona; Benteng Zou

doi:10.1016/j.reseneeco.2005.08.003

A comparative study of energy saving technical progress in a vintage capital model

Research output: Contribution to journal › Article › peer-review

Abstract

We analyze the hypothesis about the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation. In a general equilibrium vintage capital model with embodied energy saving technical progress, we show that positive growth is only possible if the growth rate of the energy saving technical progress exceeds the decreasing rate of the energy supply.

Original language	English
Pages (from-to)	181-191
Number of pages	11
Journal	Resource and Energy Economics
Volume	28
Issue number	2
DOIs	https://doi.org/10.1016/j.reseneeco.2005.08.003
Publication status	Published - 1 May 2006
Externally published	Yes

Keywords

Energy saving technical progress
Non-renewable resources
Vintage capital

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.reseneeco.2005.08.003

Cite this

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title = "A comparative study of energy saving technical progress in a vintage capital model",

abstract = "We analyze the hypothesis about the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation. In a general equilibrium vintage capital model with embodied energy saving technical progress, we show that positive growth is only possible if the growth rate of the energy saving technical progress exceeds the decreasing rate of the energy supply.",

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AB - We analyze the hypothesis about the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation. In a general equilibrium vintage capital model with embodied energy saving technical progress, we show that positive growth is only possible if the growth rate of the energy saving technical progress exceeds the decreasing rate of the energy supply.

KW - Energy saving technical progress

KW - Non-renewable resources

KW - Vintage capital

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DO - 10.1016/j.reseneeco.2005.08.003

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SN - 0928-7655

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JO - Resource and Energy Economics

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A comparative study of energy saving technical progress in a vintage capital model

Abstract

Keywords

UN SDGs

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