Nuclear power generation, renewable resources and endogenous growth

Journal title ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Author/s Riccardo Costantini
Publishing Year 2012 Issue 2012/1
Language English Pages 29 P. 65-93 File size 932 KB
DOI 10.3280/EFE2012-001006
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

The author develops an endogenous growth framework in which energy production is based on a learning by doing technology exploiting renewable reproducible capital and nuclear power plants. Consumption activities generates radioactive waste according to an exogenous factor reflecting the economy energy mix, while an abatement technology, reducing the impact of solid waste accumulation on welfare, is explicitly taken into account. Differently from traditional growth and environmental literature, the author includes an explicit preference for the technology mix by postulating a non separable utility in consumption, radioactive waste and stock of renewable capital. Within this framework the author derives conditions on preferences under which sustained growth is attainable without imposing, ex ante, neither compensation nor a distaste effect characterizing utility. Finally, introducing simplifying assumptions on the preference relation, an investigation of the dynamic property of the equilibrium is provided. The results obtained suggest a high complementarity of renewable capital and nuclear technology exploitation in determining potential long run growth.

Keywords: Endogenous Growth, Environment, Nuclear Power Generation, Renewable Resources, Pollution, Energy Mix

Jel codes: D90, Q53, O41

Riccardo Costantini, Nuclear power generation, renewable resources and endogenous growth in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 1/2012, pp 65-93, DOI: 10.3280/EFE2012-001006