Energy Biased Technical Change : A CGE Analysis


Otto, Vincent M. ; Löschel, Andreas ; Dellink, Rob


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URL: http://ub-madoc.bib.uni-mannheim.de/1105
URN: urn:nbn:de:bsz:180-madoc-11054
Document Type: Working paper
Year of publication: 2005
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O38 H23 O32 O33 D58 ,
Subject headings (SWD): General Equilibrium Environmental Model , Energie , Wirtschaft , Wachstumsmodell , Technischer Fortschritt
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.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Otto, Vincent M. ; Löschel, Andreas ; Dellink, Rob (2005) Energy Biased Technical Change : A CGE Analysis. Open Access [Working paper]
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