Energy and Future Economic Growth

W. Sassin and W. Häfele
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W. Sassin: International Institute for Applied Systems Analysis
W. Häfele: International Institute for Applied Systems Analysis

Chapter 2 in Economic Growth and Resources, 1980, pp 12-32 from Palgrave Macmillan

Abstract: Abstract The difficulties of energy supply are growing, and the outlook for the decades ahead is dim. There is little doubt that energy-related problems will have their bearing on future economic growth. We still have an economic recession, to which the oil embargo of 1973 and the sudden fourfold price increase of crude oil have been contributing factors. Medium-term economic and energy growth projections have continually been revised downward since 1974. Yet the expert community still expects a possible major energy supply shortage around 1985 that would further aggravate the economic situation [1, 2, 3]. So the question is not whether energy prospects will affect the economic situation but rather: For how long will the energy problem be a major problem for economic development? and more so, which strategies could lead away from the foreseeable dilemma?

Keywords: Capital Stock; International Institute; Fossil Energy; Energy Strategy; Primary Energy Consumption (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-16328-1_2

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DOI: 10.1007/978-1-349-16328-1_2

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