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Fossil fuels, alternative energy and economic growth


  • Raul Barreto


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.

Suggested Citation

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

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    References listed on IDEAS

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    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.
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    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.
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    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.
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    More about this item


    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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