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

Perez-Barahona Agustin

No 2007007, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques

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: O31 O41 Q30 Q43 (search for similar items in EconPapers)
Pages: 20
Date: 2007-01-01
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvec:2007007

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