Withdrawal: Does Higher Energy Efficiency Lower Economy‐Wide Energy Use? Sebastian Rausch and Hagen Schwerin. The above article from the International Economic Review, published online on 20 January 2019 in Wiley Online Library (wileyonlinelibrary.com) as an Accepted Article (https://onlinelibrary.wiley.com/doi/abs/10.1111/iere.12388), has been withdrawn by agreement between the journal's Co‐Editor Masaki Aoyagi, and Wiley Periodicals, LLC. The withdrawal has been agreed following a recommendation by the authors’ institution, ETH Zurich, due to an unresolved authorship dispute.

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We develop a general equilibrium growth theory of vintage capital and energy use in businesses and households to measure the response of energy use to energy-saving technological change. Both investment-specific technological progress and a higher energy price save energy by increasing energy efficiency, yet investment-specific technological progress spurs while a higher energy price depresses energy use. Calibration of the model's balanced growth path to U.S. post-WWII data shows that higher energy efficiency increased rather than reduced energy use. Investment-specific technological progress enhanced energy use by more than the increase in the energy price reduced it. Both neutral and investment-specific technological changes were major determinants of observed growth in energy use. (JEL D13, E23, O30, O41, Q43) Terms of use: Documents in EconStor may

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