Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129716 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Sveriges Riksbank Working Paper Series No. 299
Verlag: 
Sveriges Riksbank, Stockholm
Zusammenfassung: 
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas the efficiency of one alternative energy source is limited. With capital and energy as complements, there exist two steady states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where energy is fully sourced from fossil fuel. Heterogeneity in initial TFP levels can generate the Great Divergence. The demand for fossil fuel in technologically advanced countries drives up its price and makes fossil fuel too costly in less advanced countries that choose the alternative and stagnant energy input.
Schlagwörter: 
Growth
Malthusian stagnation
Industrial Revolution
Great Divergence
Technological progress
JEL: 
O11
O14
O33
O41
O50
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
533.67 kB





Publikationen in EconStor sind urheberrechtlich geschützt.