The Problem of Non-Renewable Energy Resources in the Production of Physical Capital | Zendy

Agustin Perez Barahona | Zendy

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The Problem of Non-Renewable Energy Resources in the Production of Physical Capital

Author(s) -

Agustin Perez Barahona

Publication year - 2007

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.975078

Subject(s) - renewable energy , production (economics) , natural resource economics , physical capital , capital (architecture) , environmental economics , business , economics , environmental science , microeconomics , engineering , market economy , geography , archaeology , electrical engineering , human capital

This paper studies the possibilities of technical progress to deal with the growth limit problem imposed by the usage of non-renewable energy resources, when physical capital production is relatively more energy-intensive than consumption. In particular, this work presents the conditions under which energy-saving technologies can sustain long-run growth, although energy is produced by means of non-renewable energy resources. The mechanism behind that is energy efficiency.

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