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Fossil fuels, alternative energy and economic growth

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  • Raul Barreto

Abstract

Present a theoretical framework of endogenous switching from fossil fuels to alternative energy driven by productivity differentials and consequent prices.General equilibrium endogenous growth framework and non-linear estimation of coefficients. The model depicts a hump shaped growth path that is analogous to a transition from energy rich "peak oil" heydey to alternative energy only world. The model thereby allows for quantitative comparisons of initial conditions, transition and terminal points along the growth path as well as determinants of alternative paths.

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  • Raul Barreto, 2015. "Fossil fuels, alternative energy and economic growth," EcoMod2015 8372, EcoMod.
  • Handle: RePEc:ekd:008007:8372
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    Cited by:

    1. T. M. Yunus Khan, 2020. "A Review of Performance-Enhancing Innovative Modifications in Biodiesel Engines," Energies, MDPI, Open Access Journal, vol. 13(17), pages 1-1, August.
    2. Nyambuu, Unurjargal & Semmler, Willi, 2020. "Climate change and the transition to a low carbon economy – Carbon targets and the carbon budget," Economic Modelling, Elsevier, vol. 84(C), pages 367-376.
    3. Ali Jallal, Mohammed & Chabaa, Samira & Zeroual, Abdelouhab, 2020. "A novel deep neural network based on randomly occurring distributed delayed PSO algorithm for monitoring the energy produced by four dual-axis solar trackers," Renewable Energy, Elsevier, vol. 149(C), pages 1182-1196.
    4. Andreu Cecilia & Javier Carroquino & Vicente Roda & Ramon Costa-Castelló & Félix Barreras, 2020. "Optimal Energy Management in a Standalone Microgrid, with Photovoltaic Generation, Short-Term Storage, and Hydrogen Production," Energies, MDPI, Open Access Journal, vol. 13(6), pages 1-1, March.
    5. Rasoulinezhad, Ehsan & Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Sarker, Tapan, 2019. "Russian Federation–East Asia Liquefied Natural Gas Trade Patterns and Regional Energy Security," ADBI Working Papers 965, Asian Development Bank Institute.
    6. Sergey O. Chikunov & Olga N. Gutsunuk & Marina I. Ivleva & Isabella D. Elyakova & Irina V. Nikolaeva & Maksim S. Maramygin, 2018. "Improving the economic performance of Russia’s energy system based on the development of alternative energy sources," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 382-391.
    7. Hoang, Thi Hong Van & Shahzad, Syed Jawad Hussain & Czudaj, Robert L., 2020. "Renewable energy consumption and industrial production: A disaggregated time-frequency analysis for the U.S," Energy Economics, Elsevier, vol. 85(C).
    8. Ignacio, Luís Henrique da Silva & Santos, Pedro Eduardo de Almeida & Duarte, Carlos Antonio Ribeiro, 2019. "An experimental assessment of Eucalyptus urosemente energy potential for biomass production in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 103(C), pages 361-369.
    9. Carlos Roldán-Porta & Carlos Roldán-Blay & Guillermo Escrivá-Escrivá & Eduardo Quiles, 2019. "Improving the Sustainability of Self-Consumption with Cooperative DC Microgrids," Sustainability, MDPI, Open Access Journal, vol. 11(19), pages 1-1, October.

    More about this item

    Keywords

    North country in North south type GE framework.; Growth; Energy and environmental policy;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices

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