Nuclear Energy, Economic Growth, and the Environment: Optimal policies in a model with endogenous technical change and environmental constraints

Nikos Fatouros () and Thanasis Stengos

The Journal of Economic Asymmetries, 2023, vol. 28, issue C

Abstract: We use a model of endogenous growth with vertical innovations, in order to derive optimal energy policy under uncertainty. Innovation can be directed to dirty, green, or nuclear technologies, which in turn can be used to produce different types of energy. We show that, nuclear energy usage, is not only a necessary welfare maximizing condition, but also a crucial determinant of economic growth in the long run. Lastly, we find no evidence supporting the traditional Environmental Kuznets Curve hypothesis under optimal policy implementation.

Keywords: Renewable energy; Growth; Nuclear energy; Innovation (search for similar items in EconPapers)
JEL-codes: O31 O44 Q01 Q42 Q55 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Nuclear Energy, Economic Growth and the Environment: Optimal policies in a model with endogenous technical change and environmental constraints (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:28:y:2023:i:c:s1703494923000373

DOI: 10.1016/j.jeca.2023.e00325

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