Energy Supply and the Sustainability of Endogenous Growth

BC3 Working Paper Series 2010-10

29 Pages Posted: 20 Jul 2010

See all articles by Karen Pittel

Karen Pittel

ETH Zürich - Department of Management, Technology, and Economics (D-MTEC)

Dirk T. G. Rübbelke

Technische Universität Bergakademie Freiberg

Date Written: July 19, 2010

Abstract

The paper provides an introduction to energy, respective resource, use within the framework of endogenous growth models. We provide an overview of different modeling approaches as well as intuition with respect to the results obtained. We consider the source problem, i.e., the supply of energy, as well as the sink problem, i.e., pollution generated by the consumption of energy resources. The introduction to the theoretical framework shortly discusses the use of neoclassical versus endogenous growth models and also points to the implications of the different types of endogenous growth approaches. We additionally give an introduction to CGE-models that include energy use and present an example of a numerical solvable model in detail. The paper closes with an outlook on future research.

Keywords: endogenous growth, energy, resources, pollution, CGE-models

JEL Classification: Q1, Q3, Q4, O4

Suggested Citation

Pittel, Karen and Rübbelke, Dirk T. G., Energy Supply and the Sustainability of Endogenous Growth (July 19, 2010). BC3 Working Paper Series 2010-10. Available at SSRN: https://ssrn.com/abstract=1645134 or http://dx.doi.org/10.2139/ssrn.1645134

Karen Pittel

ETH Zürich - Department of Management, Technology, and Economics (D-MTEC) ( email )

ETH-Zentrum
ZUE F18
Zurich, CH-8092

Dirk T. G. Rübbelke (Contact Author)

Technische Universität Bergakademie Freiberg ( email )

Freiberg, 09599
Germany

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