Investment, technological progress and energy efficiency

Investment Specific Technological Progress and Structural Change

In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full...

Energy consumption , technological progress and economic policy ∗

We rst provide an empirical study of the energy-saving technological progress on the ENERDATA database. Energy intensity is shown to decrease over the period 1971-1999 in OECD countries, indicating a signi cant energy-saving technical progress trend. We also show via semi-parametric partially linear estimations that: (i) this trend is positively correlated with the investment rate, and (ii) the...

Irreversibility, Uncertainty and Investment in the Presence of Technological Progress

We apply a real options approach to develop a general characterization of the dynamics of the capital accumulation process in the presence of technological progress. In particular, we delineate circumstances under which the present technology represents a compound real option, which incorporates as valuable embedded options the opportunity of successive updating of the technology to superior fu...

Modeling technological progress and investment in China : Some caveats

Incomplete Data and Technological Progress in Energy Storage Technologies

Energy storage is an important topic as many countries are seeking to increase the amount of electricity generation from renewable sources. An open and accessible online database on energy storage technologies was created, incorporating a total of 18 energy storage technologies and 134 technology pages with a total of over 1,800 properties. In this database information on technical maturity, te...