General Equilibrium Effects of Green Technological Progress
Date
2018
Authors
Van Long, N.
Stähler, F.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Journal article
Citation
Environmental and Resource Economics, 2018; 69(1):159-166
Statement of Responsibility
Ngo Van Long, Frank Stähler
Conference Name
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.
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Dissertation Note
Provenance
Description
Published online: 30 September 2016
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© Springer Science+Business Media Dordrecht 2016