A Spatial Approach to Energy Economics: Theory, Measurement and Empirics

Juan Moreno-Cruz and M. Scott Taylor

No 4845, CESifo Working Paper Series from CESifo

Abstract: This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy resources may affect the distribution of economic activity around the globe. We combine elements from resource and energy economics into one framework linking the spatial productivity of energy resources (both renewable and non-renewable) to the incentives for economic activity to concentrate. Our theory provides a novel scaling law; a magnification effect; and reveals a complementarity between infrastructure investment and spatially productive energy resources. Our empirical work provides estimates of key magnitudes and reviews empirical work supporting our approach.

Keywords: energy economics; agglomeration; economic geography (search for similar items in EconPapers)
JEL-codes: N50 (search for similar items in EconPapers)
Date: 2014
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Working Paper: A Spatial Approach to Energy Economics: Theory, Measurement and Empirics (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4845

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