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REXS: A forecasting model for assessing the impact of natural resource consumption and technological change on economic growth

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  • Warr, Benjamin
  • Ayres, Robert

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  • Warr, Benjamin & Ayres, Robert, 2006. "REXS: A forecasting model for assessing the impact of natural resource consumption and technological change on economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 17(3), pages 329-378, September.
  • Handle: RePEc:eee:streco:v:17:y:2006:i:3:p:329-378
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    3. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    4. van der Zwaan, B. C. C. & Gerlagh, R. & G. & Klaassen & Schrattenholzer, L., 2002. "Endogenous technological change in climate change modelling," Energy Economics, Elsevier, vol. 24(1), pages 1-19, January.
    5. Tol, Richard S. J., 1994. "The damage costs of climate change: a note on tangibles and intangibles, applied to DICE," Energy Policy, Elsevier, vol. 22(5), pages 436-438, May.
    6. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    7. Peck, Stephen C & Teisberg, Thomas J, 1995. "International CO2 emissions control : An analysis using CETA," Energy Policy, Elsevier, vol. 23(4-5), pages 297-308.
    8. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," Review of Economic Studies, Oxford University Press, vol. 13(1), pages 1-9.
    9. Ayres, Robert U. & Ayres, Leslie W. & Martinás, Katalin, 1998. "Exergy, waste accounting, and life-cycle analysis," Energy, Elsevier, vol. 23(5), pages 355-363.
    10. Ayres, Robert U. & Warr, Benjamin, 2005. "Accounting for growth: the role of physical work," Structural Change and Economic Dynamics, Elsevier, vol. 16(2), pages 181-209, June.
    11. William D. Nordhaus, 1996. "Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not," NBER Chapters,in: The Economics of New Goods, pages 27-70 National Bureau of Economic Research, Inc.
    12. Gerlagh, Reyer & van der Zwaan, Bob, 2003. "Gross world product and consumption in a global warming model with endogenous technological change," Resource and Energy Economics, Elsevier, vol. 25(1), pages 35-57, February.
    13. Nordhaus, William D, 1993. "Optimal Greenhouse-Gas Reductions and Tax Policy in the "Dice" Model," American Economic Review, American Economic Association, vol. 83(2), pages 313-317, May.
    14. Christoph H. Loch & Bernardo A. Huberman, 1999. "A Punctuated-Equilibrium Model of Technology Diffusion," Management Science, INFORMS, vol. 45(2), pages 160-177, February.
    15. William D. Nordhaus, 1991. "The Cost of Slowing Climate Change: a Survey," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 37-66.
    16. Manne, Alan & Richels, Richard, 2004. "The impact of learning-by-doing on the timing and costs of CO2 abatement," Energy Economics, Elsevier, vol. 26(4), pages 603-619, July.
    17. C. Lanier Benkard, 1999. "Learning and Forgetting: The Dynamics of Aircraft Production," NBER Working Papers 7127, National Bureau of Economic Research, Inc.
    18. Dincer, Ibrahim, 2002. "The role of exergy in energy policy making," Energy Policy, Elsevier, vol. 30(2), pages 137-149, January.
    19. Ayres, Robert U & Ayres, Leslie W & Warr, Benjamin, 2003. "Exergy, power and work in the US economy, 1900–1998," Energy, Elsevier, vol. 28(3), pages 219-273.
    20. Rostow, W. W., 1975. "Kondratieff, Schumpeter, and Kuznets: Trend Periods Revisited," The Journal of Economic History, Cambridge University Press, vol. 35(04), pages 719-753, December.
    21. Romer, Paul M, 1987. "Growth Based on Increasing Returns Due to Specialization," American Economic Review, American Economic Association, vol. 77(2), pages 56-62, May.
    22. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Citations

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    Cited by:

    1. Timothy J. Garrett, 2016. "Long-run evolution of the global economy - Part 2: Hindcasts of innovation and growth," Papers 1601.00233, arXiv.org.
    2. Stern, David I., 2010. "The Role of Energy in Economic Growth," Working Papers 249380, Australian National University, Centre for Climate Economics & Policy.
    3. García-Olivares, Antonio & Ballabrera-Poy, Joaquim, 2015. "Energy and mineral peaks, and a future steady state economy," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 587-598.
    4. García-Olivares, Antonio & Ballabrera-Poy, Joaquim & García-Ladona, Emili & Turiel, Antonio, 2012. "A global renewable mix with proven technologies and common materials," Energy Policy, Elsevier, vol. 41(C), pages 561-574.
    5. Halkos, George E. & Tzeremes, Nickolaos G., 2011. "Oil consumption and economic efficiency: A comparative analysis of advanced, developing and emerging economies," Ecological Economics, Elsevier, vol. 70(7), pages 1354-1362, May.
    6. Warr, Benjamin & Ayres, Robert U., 2012. "Useful work and information as drivers of economic growth," Ecological Economics, Elsevier, vol. 73(C), pages 93-102.
    7. Warr, Benjamin & Schandl, Heinz & Ayres, Robert U., 2008. "Long term trends in resource exergy consumption and useful work supplies in the UK, 1900 to 2000," Ecological Economics, Elsevier, vol. 68(1-2), pages 126-140, December.
    8. Zsuzsanna Csereklyei & Stefan Humer, 2012. "Modelling Primary Energy Consumption under Model Uncertainty," Department of Economics Working Papers wuwp147, Vienna University of Economics and Business, Department of Economics.
    9. Serrenho, André Cabrera & Warr, Benjamin & Sousa, Tânia & Ayres, Robert U. & Domingos, Tiago, 2016. "Structure and dynamics of useful work along the agriculture-industry-services transition: Portugal from 1856 to 2009," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 1-21.
    10. repec:eee:ecomod:v:228:y:2012:i:c:p:76-88 is not listed on IDEAS
    11. Madlener, R. & Alcott, B., 2009. "Energy rebound and economic growth: A review of the main issues and research needs," Energy, Elsevier, vol. 34(3), pages 370-376.
    12. Warr, Benjamin & Ayres, Robert & Eisenmenger, Nina & Krausmann, Fridolin & Schandl, Heinz, 2010. "Energy use and economic development: A comparative analysis of useful work supply in Austria, Japan, the United Kingdom and the US during 100Â years of economic growth," Ecological Economics, Elsevier, vol. 69(10), pages 1904-1917, August.
    13. repec:eee:ecomod:v:271:y:2014:i:c:p:90-102 is not listed on IDEAS
    14. Kander, Astrid & Schon, Lennart, 2007. "The energy-capital relation--Sweden 1870-2000," Structural Change and Economic Dynamics, Elsevier, vol. 18(3), pages 291-305, September.
    15. Timothy J. Garrett, 2013. "Thermodynamics of long-run economic innovation and growth," Papers 1306.3554, arXiv.org.
    16. Stefan Humer & Csereklyei, Z., 2012. "Modelling long-run energy consumption under model uncertainty," EcoMod2012 4374, EcoMod.

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