The Problem of Non-Renewable Energy Resources in the Production of Physical Capital
Copyright policy )The Problem of Non-Renewable Energy Resources in the Production of Physical Capital
This paper studies the possibilities of technical progress to deal with the growth limit problem imposed by the usage of non-renewable energy resources, when physical capital production is relatively more energy-intensive than consumption. In particular, this work presents the conditions under which energy-saving technologies can sustain long-run growth, although energy is produced by means of non-renewable energy resources. The mechanism behind that is energy efficiency.
- Université Catholique de Louvain Belgium
- University College London United Kingdom
Nonrenewable resources, Energy-saving technical progress, Economic growth, nonrenewable resources, energy-saving technical progress, economic growth., jel: jel:O31, jel: jel:O30, jel: jel:O41, jel: jel:Q43, jel: jel:Q30
Nonrenewable resources, Energy-saving technical progress, Economic growth, nonrenewable resources, energy-saving technical progress, economic growth., jel: jel:O31, jel: jel:O30, jel: jel:O41, jel: jel:Q43, jel: jel:Q30
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