Perez-Barahona, Agustin
[UCL]
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.
Bibliographic reference |
Perez-Barahona, Agustin. The problem of non-renewable energy resources in the production of physical capital. ECON Discussion Papers ; 2007/07 (2007) |
Permanent URL |
http://hdl.handle.net/2078.1/5071 |