Further Results on “An Endogenous Growth Model with Embodied Energy-Saving Technical Change”

Ibrahim Yetkiner (hakan.yetkiner@izmirekonomi.edu.tr) and Adrian von Zon (adriaan.vanzon@merit.unimaas.nl)
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Adrian von Zon: Department of Economics, Maastricht University
Authors registered in the RePEc Author Service: Adriaan van Zon

No 701, Working Papers from Izmir University of Economics

Abstract: In this short paper we add a non-renewable resource sector to van Zon and Yetkiner (2003) that extended Romer (1990) by including energy consumption of intermediate goods in a context of endogenous and embodied technical change. Van Zon and Yetkiner (2003) showed that the growth rate depends negatively on the growth of exogenous real energy prices. In this paper, we endogenise the growth rate of real energy prices by introducing a non-renewable resource sector into the model. This allows us to study the comparative statics of the model. We show that changes in technology parameters promote growth, while others disfavour growth.

Keywords: Endogenous growth; energy-saving technological change; Hotelling’s rule (search for similar items in EconPapers)
JEL-codes: O31 O41 Q43 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2007-08
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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