General Equilibrium Effects of Green Technological Progress

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dc.contributor.authorVan Long, N.
dc.contributor.authorStähler, F.
dc.date.issued2018
dc.descriptionPublished online: 30 September 2016
dc.description.abstractThis 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.
dc.description.statementofresponsibilityNgo Van Long, Frank Stähler
dc.identifier.citationEnvironmental and Resource Economics, 2018; 69(1):159-166
dc.identifier.doi10.1007/s10640-016-0069-4
dc.identifier.issn0924-6460
dc.identifier.issn1573-1502
dc.identifier.urihttp://hdl.handle.net/2440/111110
dc.language.isoen
dc.publisherSpringer Netherlands
dc.rights© Springer Science+Business Media Dordrecht 2016
dc.source.urihttp://dx.doi.org/10.1007/s10640-016-0069-4
dc.subjectResource extraction; technological progress; general equilibrium
dc.titleGeneral Equilibrium Effects of Green Technological Progress
dc.typeJournal article
pubs.publication-statusPublished

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