| 来源类型 | Working papers
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| 规范类型 | 论文
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| DOI | 10.3929/ethz-a-005126737
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| Energy prices, growth, and the channels in between: theory and evidence |
| Bretschger, Lucas
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| 发表日期 | 2006-01
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| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH)
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| 出版年 | 2006
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| 语种 | 英语
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| 摘要 | The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens in the sectors with poor substitution possibilities between primary inputs where growth increases with rising energy prices. In the empirical part, estimations using di¤erent channels and energy sources with five-year average panel data for a sample of 44 developed countries in the period 1975-1999 are presented. It is shown that, for a large variety of constellations, rising energy prices are not a threat to economic development, they can even be positive for growth. |
| 主题 | Energy prices and growth
; Endogenous capital accumulation
; Structural change
; Panel data
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| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/339442
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| 来源智库 | Centre for Energy Policy and Economics (Switzerland)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266633
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推荐引用方式
GB/T 7714 |
Bretschger, Lucas. Energy prices, growth, and the channels in between: theory and evidence. 2006.
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eth-28396-01.pdf
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