Sammanfattning

We analyse the long-run role of energy in aggregate production. The factor share of energy has been remarkably constant, despite the relative decline in the price of energy. We analyse possible explanations for this observation, ruling out the idea that endogenous directed technological change has led to a failure of energy-augmenting technology to keep pace with labour augmenting technology. Instead we propose a model in which a combination of income and substitution effects has driven both shifts in consumption patterns towards existing energy intensive goods and the emergence of new such goods. (C) 2018 Elsevier Inc. All rights reserved.

Nyckelord

Energy; Technology; Directed technological change; Structural change; Rebound

Publicerad i

Journal of Environmental Economics and Management
2018, Volym: 89, sidor: 218-234

SLU författare

• Hart, Robert

  • Institutionen för ekonomi, Sveriges lantbruksuniversitet
    

Globala målen

Säkerställa tillgång till ekonomiskt överkomlig, tillförlitlig, hållbar och modern energi för alla
Vidta omedelbara åtgärder för att bekämpa klimatförändringarna och dess konsekvenser


UKÄ forskningsämne

Nationalekonomi


Publikationens identifierare

DOI: https://doi.org/10.1016/j.jeem.2018.03.002

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/95769