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Fossil fuels, alternative energy and economic growth

Raul Barreto

No 8372, EcoMod2015 from EcoMod

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.

Keywords: North country in North south type GE framework.; Growth; Energy and environmental policy (search for similar items in EconPapers)
Date: 2015-07-01
New Economics Papers: this item is included in nep-ene and nep-gro
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Related works:
Journal Article: Fossil fuels, alternative energy and economic growth (2018) Downloads
Working Paper: Fossil Fuels, Alternative Energy and Economic Growth (2013) Downloads
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