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The problem of non-renewable energy resources in the production of physical capital

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  • PÉREZ-BARAHONA, Agustin

    (Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

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    Abstract

    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.

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    File URL: http://www.uclouvain.be/cps/ucl/doc/core/documents/coredp2007_8.pdf
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    Bibliographic Info

    Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2007008.

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    Date of creation: 01 Feb 2007
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    Handle: RePEc:cor:louvco:2007008

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    Related research

    Keywords: nonrenewable resources; energy-saving technical progress; economic growth.;

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