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来源类型Article
规范类型其他
DOI10.1016/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
URLhttp://pure.iiasa.ac.at/id/eprint/10325/
来源智库International Institute for Applied Systems Analysis (Austria)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/129673
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GB/T 7714
Ayres RU,van den Bergh JCJM,Lindenberger D,et al. The underestimated contribution of energy to economic growth.. 2013.
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