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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
Statement of
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
Appears in Collections:Aurora harvest 8
Economics publications

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