The Problem of Non-Renewable Energy Resources in the Production of Physical Capital

CORE Discussion Paper No. 2007/8

18 Pages Posted: 22 Mar 2007

See all articles by Agustin Perez Barahona

Agustin Perez Barahona

Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)

Date Written: February 2007

Abstract

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.

Keywords: Nonrenewable resources, Energy-saving technical progress, Economic growth

JEL Classification: O30, O41, Q30, Q43

Suggested Citation

Perez Barahona, Agustin, The Problem of Non-Renewable Energy Resources in the Production of Physical Capital (February 2007). CORE Discussion Paper No. 2007/8. Available at SSRN: https://ssrn.com/abstract=975078 or http://dx.doi.org/10.2139/ssrn.975078

Agustin Perez Barahona (Contact Author)

Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE) ( email )

34 Voie du Roman Pays
B-1348 Louvain-la-Neuve, b-1348
Belgium

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