Capital accumulation and non-renewable energy resources: a special functions case

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

No 2007009, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: In this paper, we study the implications of assuming different technologies for physical capital accumulation and consumption. More precisely, we assume that physical capital accumulation is relatively more energy-intensive than consumption. We conclude that this hypothesis, together with the possibility of technical progress (in particular, energy-saving technical progress), has important implications on economic growth. This model entails some technical difficulties. However, we provide a full analytical characterization of both short and long-run dynamics using Gauss Hypergeometric functions.

Keywords: non-renewable resources; energy-saving technical progress; special functions. (search for similar items in EconPapers)
JEL-codes: C68 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:2007009

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