General Equilibrium Effects of Green Technological Progress
Ngo Long and
Frank Stähler ()
Environmental & Resource Economics, 2018, vol. 69, issue 1, 159-166
Abstract This paper demonstrates that technological progress in production of renewable energy can influence the extraction path of fossil fuels indirectly by a change in the equilibrium interest rate. We show in a simple model that the indirect effect can be so strong that first-period or even aggregate extraction levels rise with green technological progress, contrary to popular expectations.
Keywords: Resource extraction; Technological progress; General equilibrium (search for similar items in EconPapers)
JEL-codes: Q31 Q42 (search for similar items in EconPapers)
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Working Paper: General Equilibrium Effects of Green Technological Progress (2014)
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