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

  • Perez-Barahona, Agustin
  • Zou, Benteng

We analyzed 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 the success of energy saving technologies is questionable in a scenario of deceasing energy supply. Only constant returns to scale, with constant energy suply, yields long run growth.

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Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 28 (2006)
Issue (Month): 2 (May)
Pages: 181-191

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Handle: RePEc:eee:resene:v:28:y:2006:i:2:p:181-191
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505569

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