Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/171491 
Autor:innen: 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 06/47
Versionsangabe: 
December 2007
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens in the sectors with poor substitution possibilities between primary inputs where growth increases with rising energy prices. In the empirical part, estimations using di¤erent channels and energy sources with five-year average panel data for a sample of 44 developed countries in the period 1975-1999 are presented. It is shown that, for a large variety of constellations, rising energy prices are not a threat to economic development, they can even be positive for growth.
Schlagwörter: 
Energy Prices and Growth
Endogenous Capital Accumulation
Structural Change
Panel Data
JEL: 
Q43
Q56
O41
O47
Dokumentart: 
Working Paper

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