IDEAS home Printed from https://ideas.repec.org/a/eee/streco/v54y2020icp102-111.html
   My bibliography  Save this article

Hicksian traverse revisited: Conditions for the energy transition

Author

Listed:
  • Nguyen-Huu, Adrien
  • Pottier, Antonin

Abstract

In this article, we analyze the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy with energy production under technological shocks.

Suggested Citation

  • Nguyen-Huu, Adrien & Pottier, Antonin, 2020. "Hicksian traverse revisited: Conditions for the energy transition," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 102-111.
    • Handle: RePEc:eee:streco:v:54:y:2020:i:c:p:102-111
    DOI: 10.1016/j.strueco.2020.04.012
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0954349X20300795
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.strueco.2020.04.012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Solow, R M, 1984. "Mr. Hicks and the Classics," Oxford Economic Papers, Oxford University Press, vol. 36(0), pages 13-25, Supplemen.
    2. Nardini, Franco, 1990. "Cycle-trend dynamics in a fixwage neo-Austrian model of traverse," Structural Change and Economic Dynamics, Elsevier, vol. 1(1), pages 165-194, June.
    3. Michael A. Landesmann & Roberto Scazzieri, 1993. "Commodity Flows and Productive Subsystems: An Essay in the Analysis of Structural Change," Palgrave Macmillan Books, in: Mauro Baranzini & G. C. Harcourt (ed.), The Dynamics of the Wealth of Nations, chapter 8, pages 209-245, Palgrave Macmillan.
    4. Nguyen-Huu, Adrien & Pottier, Antonin, 2020. "Hicksian traverse revisited: Conditions for the energy transition," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 102-111.
    5. Grasselli, Matheus R. & Nguyen-Huu, Adrien, 2018. "Inventory growth cycles with debt-financed investment," Structural Change and Economic Dynamics, Elsevier, vol. 44(C), pages 1-13.
    6. Lavoie, Marc & Ramirez-Gaston, Pablo, 1997. "Traverse in a Two-Sector Kaleckian Model of Growth with Target-Return Pricing," The Manchester School of Economic & Social Studies, University of Manchester, vol. 65(2), pages 145-169, March.
    7. Henry, J. & Lavoie, M., 1997. "The Hicksian traverse as a process of reproportioning: some structural dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 8(2), pages 157-175, June.
    8. Jean-François Fagnart & Marc Germain, 2016. "Net energy ratio, EROEI and the macroeconomy," Post-Print hal-02987074, HAL.
    9. Fagnart, Jean-François & Germain, Marc, 2016. "Net energy ratio, EROEI and the macroeconomy," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 121-126.
    10. Bhaduri, Amit, 1975. "On the Analogy between the Quantity- and the Price-Traverse," Oxford Economic Papers, Oxford University Press, vol. 27(3), pages 455-461, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nguyen-Huu, Adrien & Pottier, Antonin, 2020. "Hicksian traverse revisited: Conditions for the energy transition," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 102-111.
    2. Raphaël Soubeyran, 2019. "Incentives, pro-social preferences and discrimination," Working Papers hal-02056347, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Henry, J. & Lavoie, M., 1997. "The Hicksian traverse as a process of reproportioning: some structural dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 8(2), pages 157-175, June.
    2. Richard Heinberg & Timothy Crownshaw, 2018. "Energy Decline and Authoritarianism," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-11, September.
    3. Jean-François Fagnart & Marc Germain & Benjamin Peeters, 2020. "Can the Energy Transition Be Smooth? A General Equilibrium Approach to the EROEI," Sustainability, MDPI, vol. 12(3), pages 1-29, February.
    4. Elise Dupont & Marc Germain & Hervé Jeanmart, 2021. "Estimate of the Societal Energy Return on Investment (EROI)," Biophysical Economics and Resource Quality, Springer, vol. 6(1), pages 1-14, March.
    5. Elise Dupont & Marc Germain & Hervé Jeanmart, 2021. "Feasibility and Economic Impacts of the Energy Transition," Sustainability, MDPI, vol. 13(10), pages 1-34, May.
    6. Jung Hoon Kim & Marc Lavoie, 2016. "A two-sector model with target-return pricing in a stock-flow consistent framework," Economic Systems Research, Taylor & Francis Journals, vol. 28(3), pages 403-427, September.
    7. Marc Lavoie, 2013. "Teaching post-Keynesian economics in a mainstream department," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Teaching Post Keynesian Economics, chapter 1, pages 12-33, Edward Elgar Publishing.
    8. Roberto Leonardo Rana & Mariarosaria Lombardi & Pasquale Giungato & Caterina Tricase, 2020. "Trends in Scientific Literature on Energy Return Ratio of Renewable Energy Sources for Supporting Policymakers," Administrative Sciences, MDPI, vol. 10(2), pages 1-17, March.
    9. Henry, Jacques & Lavoie, Marc, 2002. "La traverse de Hicks dans son modèle horizontal bisectoriel : le réaménagement de la structure productive," L'Actualité Economique, Société Canadienne de Science Economique, vol. 78(1), pages 87-114, Mars.
    10. Sun, Jiasen & Li, Guo & Wang, Zhaohua, 2018. "Optimizing China’s energy consumption structure under energy and carbon constraints," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 57-72.
    11. Jonathan Dumas & Antoine Dubois & Paolo Thiran & Pierre Jacques & Francesco Contino & Bertrand Cornélusse & Gauthier Limpens, 2022. "The Energy Return on Investment of Whole-Energy Systems: Application to Belgium," Biophysical Economics and Resource Quality, Springer, vol. 7(4), pages 1-34, December.
    12. Ingo Barens & Volker Caspari, 1999. "Old views and new perspectives: on reading Hick's 'Mr. Keynes and the Classics'," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(2), pages 216-241.
    13. Lucrezia Fanti & Luca Zamparelli, 2021. "The paradox of thrift in a two‐sector Kaleckian growth model," Metroeconomica, Wiley Blackwell, vol. 72(3), pages 526-538, July.
    14. Jacobo, Juan, 2022. "A multi time-scale theory of economic growth and cycles," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 143-155.
    15. Antonio Bianco, 2016. "Hicks’s thread (out of the equilibrium labyrinth)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(4), pages 1229-1245.
    16. Gianni Vaggi & Annalisa Prizzon, 2014. "On the sustainability of external debt: is debt relief enough?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(5), pages 1155-1169.
    17. Arcigni, Francesco & Friso, Riccardo & Collu, Maurizio & Venturini, Mauro, 2019. "Harmonized and systematic assessment of microalgae energy potential for biodiesel production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 614-624.
    18. Matheus R. Grasselli & Alexander Lipton, 2019. "The Broad Consequences Of Narrow Banking," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-22, February.
    19. Taha Chaiechi, 2012. "Financial Development and Economic Growth through a Post-Keynesian Lens: Hong Kong Case Study," Chapters, in: Claude Gnos & Louis-Philippe Rochon & Domenica Tropeano (ed.), Employment, Growth and Development, chapter 10, Edward Elgar Publishing.
    20. Araujo, Ricardo Azevedo & Dávila-Fernández, Marwil J. & Moreira, Helmar Nunes, 2019. "Some new insights on the empirics of Goodwin's growth-cycle model," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 42-54.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:streco:v:54:y:2020:i:c:p:102-111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/525148 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.