General Equilibrium Effects of Green Technological Progress

Ngo Long and Frank Staehler
Authors registered in the RePEc Author Service: Frank Stähler

CIRANO Working Papers from CIRANO

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 technological progress. Cet article démontre que les progrès technologiques dans la production d'énergie renouvelable peut influencer la trajectoire de l'extraction de combustibles fossiles indirectement par un changement dans le taux d'intérêt d'équilibre. Nous montrons dans un modèle simple que l'effet indirect peut être si fort que les niveaux d'extraction augmentent avec le progrès technologique.

Keywords: Natural Resources; Technical progress; The Green Paradox; Ressources naturelles; Progrès technologique; Le Paradoxe Vert (search for similar items in EconPapers)
JEL-codes: Q31 Q42 (search for similar items in EconPapers)
Date: 2014-02-01
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://cirano.qc.ca/files/publications/2014s-16.pdf

Related works:
Journal Article: General Equilibrium Effects of Green Technological Progress (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2014s-16

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