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NAOSITE : Nagasaki University's Academic Output SITE > Faculty of Economics > Bulletin > Journal of business and economics > Volume 77 No. 4 >

Endogenous Technical Progress in a Model of CO2 Emissions

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Title: Endogenous Technical Progress in a Model of CO2 Emissions
Authors: Gottinger, Hans W.
Issue Date: 25-Mar-1998
Publisher: 長崎大学経済学会
Citation: 経営と経済, 77(4), pp.1-25; 1998
Abstract: In an energy model with endogenous technical progress it is shown that both a static equilibrium in which no growth occurs in the economy and a dynamic equilibrium in which the economy grows at a constant rate are possible. We obtain results that concern the impact of changes in the values of key parameters on the equilibrium growth rate. The results show that: (i) increases in the productivity of the energy sector increase the capital to knowledge ratio in equilibrium and the economy's rate of growth; (ii) an increase in either the social discount rate or the consumption elasticity of utility causes the economy to grow more slowly; (iii) an increase in the depreciation rate of capital lowers the capital to knowledge ration and the equilibrium growth rate. Possible approaches to equilibrium are supported by numerical examples. These examples show that both the overall productivity of the fossil energy sector and the elasticity of production with respect to fossil energy use are important in determining the model's behaviour.
URI: http://hdl.handle.net/10069/29104
ISSN: 02869101
Type: Departmental Bulletin Paper
Text Version: publisher
Appears in Collections:Volume 77 No. 4

Citable URI : http://hdl.handle.net/10069/29104

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