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来源类型 | Article |
规范类型 | 其他 |
DOI | 10.1016/j.strueco.2013.07.004 |
The underestimated contribution of energy to economic growth. | |
Ayres RU; van den Bergh JCJM; Lindenberger D; Warr B | |
发表日期 | 2013 |
出处 | Structural Change and Economic Dynamics : 79-88 |
出版年 | 2013 |
语种 | 英语 |
摘要 | Standard economic theory regards capital and labour as the main factors of production that satisfy the "cost-share theorem." This paper argues that when a third factor, namely energy, is added physical constraints on substitution among the factors arise. We show that energy is a much more important factor of production than its small cost share may indicate. This implies that continued economic growth along the historical trend cannot safely be assumed, notably in view of considerably higher energy prices in the future due to peak oil and climate policy. |
主题 | Institute Scholars (INS) |
关键词 | Climate policy Economic growth Energy cost share Peak oil Technological constraints |
URL | http://pure.iiasa.ac.at/id/eprint/10325/ |
来源智库 | International Institute for Applied Systems Analysis (Austria) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/129673 |
推荐引用方式 GB/T 7714 | Ayres RU,van den Bergh JCJM,Lindenberger D,et al. The underestimated contribution of energy to economic growth.. 2013. |
条目包含的文件 | 条目无相关文件。 |
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