A comparative study of Energy Saving Technical Progress in a Vintage Capital Model

Perez-Barahona Agustin and Benteng Zou
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Perez-Barahona Agustin: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)

No 2004002, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We analyzed the hypothesis about the effectiveness of energy saving technologies to reduce the trade-off between economic growth and energy preservation. In a general equilibrium vintage capital model with embodied energy saving technical progress, we show that the success of energy saving technologies is questionable in a scenario of deceasing energy supply. Only constant returns to scale, with constant energy suply, yields long run growth.

Keywords: Non renewable resources; Energy saving technological progress; Vintage capital (search for similar items in EconPapers)
JEL-codes: C68 O31 O41 Q32 Q43 (search for similar items in EconPapers)
Pages: 14
Date: 2004-02-01
New Economics Papers: this item is included in nep-dge and nep-ino
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Related works:
Journal Article: A comparative study of energy saving technical progress in a vintage capital model (2006)
Working Paper: A comparative study of energy saving technical progress in a vintage capital model (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2004002

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