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Energy saving technical progress and optimal capital stock: the role of embodiment

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  • Boucekkine, Raouf
  • Pommeret, Aude

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  • Boucekkine, Raouf & Pommeret, Aude, 2004. "Energy saving technical progress and optimal capital stock: the role of embodiment," Economic Modelling, Elsevier, vol. 21(3), pages 429-444, May.
    • Handle: RePEc:eee:ecmode:v:21:y:2004:i:3:p:429-444
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    1. Malcomson, James M., 1975. "Replacement and the rental value of capital equipment subject to obsolescence," Journal of Economic Theory, Elsevier, vol. 10(1), pages 24-41, February.
    2. Boucekkine, Raouf & Germain, Marc & Licandro, Omar & Magnus, Alphonse, 1998. "Creative Destruction, Investment Volatility, and the Average Age of Capital," Journal of Economic Growth, Springer, vol. 3(4), pages 361-384, December.
    3. Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997. "Replacement Echoes in the Vintage Capital Growth Model," Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June.
    4. Martin Neil Baily, 1981. "Productivity and the Services of Capital and Labor," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(1), pages 1-66.
    5. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    6. Ricardo J. Caballero & Mohamad L. Hammour, 1996. "On the Timing and Efficiency of Creative Destruction," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 805-852.
    7. BOUCEKKINE, Raouf & GERMAIN, Marc & LICANDRO, Omar, 1996. "General Equilibrium Vintage Capital Growth Models Displaying Periodic Solutions : A Theoretical Example," LIDAM Discussion Papers CORE 1996032, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. R. M. Solow & J. Tobin & C. C. Weizsäcker & M. Yaari, 1971. "Neoclassical Growth with Fixed Factor Proportions," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 9, pages 68-102, Palgrave Macmillan.
    9. Richard G. Newell & Adam B. Jaffe & Robert N. Stavins, 1999. "The Induced Innovation Hypothesis and Energy-Saving Technological Change," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 941-975.
    10. Brown, Stephen P. A. & Yucel, Mine K., 2002. "Energy prices and aggregate economic activity: an interpretative survey," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 193-208.
    11. Kevin A. Hassett, 1999. "Tax Policy and Investment," Books, American Enterprise Institute, number 53049, September.
    12. Hamilton, James D, 1983. "Oil and the Macroeconomy since World War II," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 228-248, April.
    13. van Hilten, Onno, 1991. "The optimal lifetime of capital equipment," Journal of Economic Theory, Elsevier, vol. 55(2), pages 449-454, December.
    14. Epaulard, Anne & Pommeret, Aude, 2003. "Optimally eating a stochastic cake: a recursive utility approach," Resource and Energy Economics, Elsevier, vol. 25(2), pages 129-139, May.
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    Cited by:

    1. Agust'n Pérez-Barahona & Benteng Zou, 2006. "Energy-saving technological progress in a vintage capital model," Chapters, in: Carlos de Miguel & Xavier Labanderia & Baltasar Manzano (ed.), Economic Modelling of Climate Change and Energy Policies, chapter 11, pages 166-179, Edward Elgar Publishing.
    2. Goetz, Renan-Ulrich & Hritonenko, Natali & Yatsenko, Yuri, 2008. "The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 3032-3053, September.
    3. Bruno de Oliveira Cruz & Aude Pommeret, 2006. "Irreversible Investment With Embodied Technological Progress," Discussion Papers 1171, Instituto de Pesquisa Econômica Aplicada - IPEA.
    4. Jouvet, Pierre-André & Schumacher, Ingmar, 2012. "Learning-by-doing and the costs of a backstop for energy transition and sustainability," Ecological Economics, Elsevier, vol. 73(C), pages 122-132.
    5. Bitros, George C., 2016. "A theory of maintenance expenditures tested on automobile data from Greece," MPRA Paper 70820, University Library of Munich, Germany.
    6. Adugna Olani & Samuel Gamtessa, 2016. "How Does Energy-cost Lead To Energy Efficiency? Panel Evidence From Canada," Working Paper 1368, Economics Department, Queen's University.
    7. Yuri Yatsenko, 2009. "Price vs. Quantity Regulation and Technological Modernization," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 8(3), pages 255-258, December.
    8. Hritonenko, Natali & Yatsenko, Yuri, 2012. "Energy substitutability and modernization of energy-consuming technologies," Energy Economics, Elsevier, vol. 34(5), pages 1548-1556.
    9. Gries Thomas & Jungblut Stefan & Meyer Henning & Krieger Tim, 2019. "Economic Retirement Age and Lifelong Learning: A Theoretical Model With Heterogeneous Labor, Biased Technical Change and International Sourcing," German Economic Review, De Gruyter, vol. 20(2), pages 129-170, May.
    10. Hritonenko, Natali & Yatsenko, Yuri, 2010. "Technological innovations, economic renovation, and anticipation effects," Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 1064-1078, November.
    11. Prudence Dato, 2017. "Energy Transition Under Irreversibility: A Two-Sector Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 797-820, November.
    12. Raouf Boucekkine & David Croix & Omar Licandro, 2004. "MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 151-179.
    13. Théophile, AZOMAHOU & Raouf, BOUCEKKINE & Phu, NUYEN VAN, 2003. "Energy consumption, technological progress and economic policy," LIDAM Discussion Papers IRES 2003025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    14. Hernando Zuleta, 2008. "Energy Saving Innovations, Non-Exhaustible Sources of Energy and Long-Run: What Would Happen if we Run Out of Oil?," Revista de Economía del Rosario, Universidad del Rosario, November.
    15. Yuan, Chaoqing & Liu, Sifeng & Wu, Junlong, 2009. "Research on energy-saving effect of technological progress based on Cobb-Douglas production function," Energy Policy, Elsevier, vol. 37(8), pages 2842-2846, August.
    16. Perez-Barahona, Agustin & Zou, Benteng, 2006. "A comparative study of energy saving technical progress in a vintage capital model," Resource and Energy Economics, Elsevier, vol. 28(2), pages 181-191, May.
    17. Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2008. "Financially constrained capital investments: The effects of disembodied and embodied technological progress," Journal of Mathematical Economics, Elsevier, vol. 44(5-6), pages 459-483, April.
    18. Agustin, PEREZ BARAHONA, 2007. "Capital Accumulation and Non-Renewable Energy Resources : a Special Functions Case," Discussion Papers (ECON - Département des Sciences Economiques) 2007008, Université catholique de Louvain, Département des Sciences Economiques.
    19. Kounetas, Kostas & Tsekouras, Kostas, 2010. "Are the Energy Efficiency Technologies efficient?," Economic Modelling, Elsevier, vol. 27(1), pages 274-283, January.
    20. Thomas Gries & Stefan Jungblut & Tim Krieger & Henning Meier, 2009. "Statutory Retirement Age and Lifelong Learning," Working Papers CIE 9, Paderborn University, CIE Center for International Economics.
    21. Elliott Joshua & Foster Ian & Judd Kenneth & Moyer Elisabeth & Munson Todd, 2010. "CIM-EARTH: Framework and Case Study," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(2), pages 1-34, December.
    22. Hu, Changshuai & Du, Dan & Huang, Junbing, 2023. "The driving effect of energy demand evolution: From the perspective of heterogeneity in technology," Energy, Elsevier, vol. 275(C).

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