The role of energy in economic growth
This paper reviews the mainstream, resource economics, and ecological economics models of growth. A possible synthesis of energy-based and mainstream models is presented. This shows that when energy is scarce it imposes a strong constraint on the growth of the economy; however, when energy is abundant, its effect on economic growth is much reduced. The industrial revolution released the constraints on economic growth by the development of new methods of using coal and the discovery of new...[Show more]
|Collections||ANU Research Publications|
|Source:||Annals of the New York Academy of Sciences|
|01_Stern_The_role_of_energy_in_economic_2011.pdf||579.94 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.