Technological Change during the Energy Transition

Gerard van der Meijden () and Sjak Smulders ()

No 14-108/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous growth through expanding varieties. During the energy transition, technological progress is non-monotonic over time: it declines initially, starts increasing when the economy approaches the regime shift, and jumps down once the resource stock is exhausted. A moment of peak-oil does no longer necessarily occur, and simultaneous use of the resource and the alternative energy source will take place if the return to innovation becomes too low.

Keywords: Alternative energy sources; endogenous growth; energy transition; non-renewable resources; technological change (search for similar items in EconPapers)
JEL-codes: O30 Q32 Q42 Q56 (search for similar items in EconPapers)
Date: 2014-08-18
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://papers.tinbergen.nl/14108.pdf (application/pdf)

Related works:
Journal Article: TECHNOLOGICAL CHANGE DURING THE ENERGY TRANSITION (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20140108

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().