Energy availability and economic growth

Gregory Casey

Energy Economics, 2025, vol. 149, issue C

Abstract: How will energy availability affect economic growth? Carefully identified microeconomic estimates suggest that the short-run impact of energy availability on economic outcomes is small. Building on recent advances in the environmental macroeconomics literature, I examine the difference between short- and long-run impacts of energy policy in two quantitative growth models. Both models suggest that the long-run impact of energy availability on output is almost twice as large as the short-run impact. Policies that increase energy availability may be more effective at boosting output than suggested in the existing literature.

Keywords: Energy; Economic growth; Development (search for similar items in EconPapers)
JEL-codes: O33 O44 Q43 Q55 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:149:y:2025:i:c:s0140988325006139

DOI: 10.1016/j.eneco.2025.108786

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