Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73925
Authors: 
Otto, Vincent M.
Löschel, Andreas
Dellink, Rob
Year of Publication: 
2005
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 90.2005
Abstract: 
This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the equilibrium determinants of biased technical change and show the importance of feedback in technical change, substitution possibilities between final goods, and general-equilibrium effects for the equilibrium bias. If the feedback effect is strong, or the substitution elasticity large, or both, our model tends to a corner solution in which only technologies are developed that are appropriate for production of non-energy intensive goods.
Subjects: 
Computable general-equilibrium models
Endogenous technical change
Energy
Environment
JEL: 
O32
O33
O38
H23
D58
Document Type: 
Working Paper

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