Capital Accumulation and Non-Renewable Energy Resources: a Special Functions Case

Perez Barahona Agustin

No 2007008, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques

Abstract: In this paper, we study the implications of assuming different technologies for physical capital accumulation and consumption. More precisely, we assume that physical capital accumulation is relatively more energy-intensive than consumption. We conclude that this hypothesis, together with the possibility of technical progress (in particular, energy-saving technical progress), has important implications on economic growth. This model entails some technical difficulties. However, we provide a full analytical characterization of both short and long-run dynamics usig Gauss Hypergeometric functions

Keywords: Non-renewable resources; Energy-saging technical progress; Special Functions (search for similar items in EconPapers)
JEL-codes: C30 C68 Q30 Q41 Q43 (search for similar items in EconPapers)
Pages: 57
Date: 2007-01-01
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvec:2007008

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