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

  • Agustin, PEREZ-BARAHONA
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    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://sites.uclouvain.be/econ/DP/IRES/2007-7.pdf
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    Paper provided by Université catholique de Louvain, Département des Sciences Economiques in its series Discussion Papers (ECON - Département des Sciences Economiques) with number 2007007.

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    Length: 20
    Date of creation: 01 Jan 2007
    Date of revision:
    Handle: RePEc:ctl:louvec:2007007
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    Web page: http://www.uclouvain.be/econ
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    1. repec:cup:cbooks:9780521297615 is not listed on IDEAS
    2. Heal, Geoffrey M., 1993. "The optimal use of exhaustible resources," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 18, pages 855-880 Elsevier.
    3. Smulders, J.A. & de Nooij, M., 2003. "The impact of energy conservation on technology and economic growth," Other publications TiSEM c4db0986-2132-4216-aa53-0, Tilburg University, School of Economics and Management.
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