Sustainable Development, Renewable Resources and Technological Progress

Valente, Simone

doi:10.1007/s10640-004-2377-3

Cited by 45 publications

(22 citation statements)

References 10 publications

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“…(6) is an additional non-arbitrage condition, which implies that in the equilibrium the prices of the asset and of the extracted energy are the same. This last result is indeed consistent with Olson and Knapp (1997) and Valente (2008). Moreover, notice that Eqs.…”

Section: Householdssupporting

confidence: 88%

“…This literature frequently refers to the following three main reasons to prefer OLG to infinitely-lived agent models. First, resources are a store of value between generations (seeKoskela et al 2002;Valente 2008;Bednar- Friedl and Farmer 2013). Second, intergenerational aspects should be taken into account when analyzing environmental issues and/or natural resource economies(Solow 1974;Padilla 2002; Agnani et al 2005).…”

mentioning

confidence: 99%

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Energy and Physical Capital: A Case of Non-classical Dynamics

Fazlıoğlu

Pérez-Barahona

Sağlam

2018

Environ Resource Econ

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We study the importance of considering different energy requirements for physical capital and final good production in an overlapping generations (OLG) resource economy. In contrast to the standard OLG framework, but consistently with the empirical evidence, we assume that the accumulation of physical capital requires more energy than the production of consumption goods. Focusing on exhaustible energy resources, we find that OLG equilibria can exhibit "non-classical dynamics": the economy generates complex dynamics where, differing from the response predicted by the standard approach, resource prices may not increase monotonically. This result illustrates that the technological assumptions behind the energy inputs should be taken with caution, in particular on dynamic analyses involving exhaustible energy resources.

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Section: Householdssupporting

confidence: 88%

mentioning

confidence: 99%

Energy and Physical Capital: A Case of Non-classical Dynamics

Fazlıoğlu

Pérez-Barahona

Sağlam

2018

Environ Resource Econ

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“…Renewable energy sources, as wind, solar, and geothermal power, are widely seen as potential solutions to environmental problems. Therefore, they form an essential part of strategies for sustainable development (Jaramillo-Nieves, Del Río, 2010;Lund, 2007;Valente, 2005). China has prominent role in the literature on PV technologies in developing countries, as it experienced dramatic production growth during a very short period.…”

Section: Introductionmentioning

confidence: 99%

The technological system of production and innovation: The case of photovoltaic technology in China

Shubbak

2019

Research Policy

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This research paper studies the Chinese technological system of production and innovation in the field of Photovoltaics (PV). It contributes to a better understanding of the emergence and development of the system by utilising three levels of analysis-the institutional framework of the system, the market dynamics of production and deployment, and the composition of innovation related activities. The analysis demonstrates the interrelated roles of transnational factors, local government policies, and research and development (R&D) activities undertaken by the main actors, in shaping the system dynamics. Tracking the relative position of China in the global PV manufacturing, installation, and technological development, the analysis shows a gap between the growth of China's market share and its modest share of transnational patent applications. This suggests a puzzle, which the paper attempts to answer by inspecting the individual companies in the system against four aspects. First, the dynamic development of their size and performance. Second, the nature of their international involvement through foreign direct investment (FDI) and mergers and acquisition deals (M&A). Third, their technological specialization within the PV value chain over time. Fourth, the spatial scope of their patenting protection endeavours. The analysis recognises four periods of system development jointly driven by market dynamics and government plans. Behind the continuous growth of the system, there were different driving and moderating factors in each period.

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“…Depending on the locations of such energy resources, one type of technology may be more suitable for economic growth than others (Tuo, 2013a,b;Karlstrøm and Ryghaug, 2014). For economic development, one prefers a large renewable energy proportion in the overall energy profile because it should lead to more sustainable development and more benefits to the economy (Valente, 2005;Apergis and Payne, 2010).…”

Section: Introductionmentioning

confidence: 99%