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https://hdl.handle.net/2440/111110
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Type: | Journal article |
Title: | General Equilibrium Effects of Green Technological Progress |
Author: | Van Long, N. Stähler, F. |
Citation: | Environmental and Resource Economics, 2018; 69(1):159-166 |
Publisher: | Springer Netherlands |
Issue Date: | 2018 |
ISSN: | 0924-6460 1573-1502 |
Statement of Responsibility: | Ngo Van Long, Frank Stähler |
Abstract: | This paper demonstrates that technological progress in production of renewable energy can influence the extraction path of fossil fuels indirectly by a change in the equilibrium interest rate. We show in a simple model that the indirect effect can be so strong that firstperiod or even aggregate extraction levels rise with green technological progress, contrary to popular expectations. |
Keywords: | Resource extraction; technological progress; general equilibrium |
Description: | Published online: 30 September 2016 |
Rights: | © Springer Science+Business Media Dordrecht 2016 |
DOI: | 10.1007/s10640-016-0069-4 |
Published version: | http://dx.doi.org/10.1007/s10640-016-0069-4 |
Appears in Collections: | Aurora harvest 8 Economics publications |
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