publication . Preprint . 2015

Endogenous economic growth, EROI, and transition towards renewable energy

Victor Court; Pierre-André Jouvet; Frédéric Lantz;
Open Access
  • Published: 01 Jan 2015
Abstract
Due to their initial lack of emphasis on energy and natural resources, exogenous and endogenous growth models have suffered the same critic regarding the limits to economic growth imposed by finite Earth resources. Thus, various optimal control models that incorporate energy or natural resources have been developed during the last decades. However, in all these models the importance of the Energy Return On Energy Investment (EROI) has never been raised. The EROI is the ratio of the quantity of energy delivered by a given process to the quantity of energy consumed in this same process. Hence, the EROI is a measure of the accessibility of a resource, meaning that ...
Subjects
free text keywords: Endogenous economic growth, net energy, EROI, energy transition., jel:C6, jel:O4, jel:Q3, jel:Q4
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