The problem of non-renewable energy resources in the production of physical capital

Agustin Pérez-Barahona
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Agustin Pérez-Barahona: Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE)

No 2007008, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper studies the possibilities of technical progress to deal with the growth limit problem imposed by the usage of non-renewable energy resources, when physical capital production is relatively more energy-intensive than consumption. In particular, this work presents the conditions under which energy-saving technologies can sustain long-run growth, although energy is produced by means of non-renewable energy resources. The mechanism behind that is energy efficiency.

Keywords: nonrenewable resources; energy-saving technical progress; economic growth. (search for similar items in EconPapers)
JEL-codes: O30 O41 Q30 Q43 (search for similar items in EconPapers)
Date: 2007-02-01
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2007008

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