Energy Availability and Economic Growth

Gregory Casey

No 2025_109, Department of Economics Working Papers from Department of Economics, Williams College

Abstract: "How will energy availability affect economic growth? Carefully identified microeconomic estimates suggest that the short-run impact of energy availability on economic outcomes is small. Building on recent advances in the environmental macroeconomics literature, I examine the difference between short- and long-run impacts of energy policy in two quantitative growth models. Both models suggest that the long-run impact of energy availability on output is almost twice as large as the short-run impact. Policies that increase energy availability may be more effective at boosting output than suggested in the existing literature."

Keywords: Energy; Economic Growth; Development (search for similar items in EconPapers)
JEL-codes: O44 Q43 (search for similar items in EconPapers)
Pages: 34
Date: 2025-07-28
New Economics Papers: this item is included in nep-ene, nep-env and nep-gro
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.36934/wecon:2025_109 Full text (application/pdf)

Related works:
Journal Article: Energy availability and economic growth (2025)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wil:wileco:2025_109

Ordering information: This working paper can be ordered from

The price is Free.

Access Statistics for this paper

More papers in Department of Economics Working Papers from Department of Economics, Williams College Williamstown, MA 01267. Contact information at EDIRC.
Bibliographic data for series maintained by Greg Phelan ().