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Oil Price Increases and Macroeconomic Instability: General Equilibrium Calculations on the Basis of Swedish Data

In: The Economics of Choice between Energy Sources

Author

Listed:
  • Lars Bergman

    (Stockholm School of Economics)

Abstract

Like its global counterpart, the Swedish energy system has been in a state of continual transition since the beginning of industrialisation. As can be seen in Figure 9.1, wood was the main energy source when Sweden entered the industrial era in the middle of the nineteenth century. It remained so for some time, but was then succeeded by coal, which in terms of energy market share, reached its peak around 1900.

Suggested Citation

  • Lars Bergman, 1987. "Oil Price Increases and Macroeconomic Instability: General Equilibrium Calculations on the Basis of Swedish Data," International Economic Association Series, in: Pierre Maillet & Douglas Hague & Chris Rowland (ed.), The Economics of Choice between Energy Sources, chapter 9, pages 208-225, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-18624-2_10
    DOI: 10.1007/978-1-349-18624-2_10
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    Cited by:

    1. Feng Shenghao & Philip Adams & Zhang Keyu & Peng Xiujian & Yang Jun, 2020. "Economic Implications of Global Energy Interconnection," Centre of Policy Studies/IMPACT Centre Working Papers g-307, Victoria University, Centre of Policy Studies/IMPACT Centre.
    2. Bhattacharyya, Subhes C., 1996. "Applied general equilibrium models for energy studies: a survey," Energy Economics, Elsevier, vol. 18(3), pages 145-164, July.

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