The Impact of Sustainable Development Technology on a Small Economy—The Case of Energy-Saving Technology
نویسندگان
چکیده
We investigated the impact of a sustainable development technology on the macroeconomic variables in a small economy utilizing a case study with a stochastically improving energy saving technology and a stochastically increasing energy price. The results show the technological displacement effects of energy saving technology are stronger, but there are more ambiguous instantaneous returns to physical capital. However, the energy saving technology's displacement effects might not affect the conditions under which the Harberger-Laursen-Metzler (HLM) effect holds. The effects of rising energy prices on bonds are stronger, and there are more ambiguous instantaneous returns, but the conditions under which the HLM effect holds are different.
منابع مشابه
The Role of Climate in Sustainable Constructing Associated with Hot and Dry Area Architecture : Studied Case in Yazd Province
From 60 decade sustainability issues and sustainable developing have opened a way in scientific meetings associated with environment and urbanization and architecture. Sustainability goals are improving of environment situation , less pollution and at least interference on land and interaction of natural and artificial environment , that most of these cases attracted attention in archite...
متن کاملThe Role of Climate in Sustainable Constructing Associated with Hot and Dry Area Architecture : Studied Case in Yazd Province
From 60 decade sustainability issues and sustainable developing have opened a way in scientific meetings associated with environment and urbanization and architecture. Sustainability goals are improving of environment situation , less pollution and at least interference on land and interaction of natural and artificial environment , that most of these cases attracted attention in archite...
متن کاملInvestigating the effect of asymmetric shocks of the shadow economy on energy consumption in terms of financial development in Iran
This paper investigates the effect of positive and negative shocks from the shadow economy and financial development on energy consumption during the period of 1974–2014 in the short and long term using the non-linear Autoregressive Distributed Lag. The ratio of liquidity to GDP has been used as an indicator of financial development, and the volume of the shadow economy calculated by Piraee and...
متن کاملThe food-energy-water nexus: A framework for sustainable development modeling
Energy, water, and food are facing present and future challenges triggered by climate change, population growth, human behavior, and economics. Management strategies for energy, water, and food are possible through policies, technology, and related education. However, the links between resources (energy, water, and food) and impacting factors (population increase, human behavior, economics, and...
متن کاملSustainable Seawater Reverse Osmosis Desalination as Green Desalination in the 21st Century
Seawater reverse osmosis desalination (SWRO) requires less energy compared with the distillation method and thus is an important technology except Middle Eastern countries whereenergy costs are higher. Recently, even Middle Eastern countries where the distillation method is still a major technology, have begun adopting the RO method in new desalinationplants in line with government ...
متن کامل