Originally published in 1984, this book discusses the structure of a multi-sectoral, general equilibrium growth model of the US economy that gives special attention to the energy sectors and presents results from the simulation of this model under varying conditions of energy supply. While the book primarily analyzes the effect of energy supply on economic growth, it also presents a new methodology for approaching this kind of problem, but this same approach can be used to model the effect of changes in the supply of any produced raw material on economic growth.
1. Introduction 2. Recent Literature on Energy and Economic Growth 3. Structure of the Model 4. The Sector Allocation of Investment 5. Results and Conclusions
In view of the recent decline of the quality of various domestic energy and natural resources and the uncertain nature of the availability of foreign supplies it is becoming increasingly important for many countries to be able to forecast more reliably the demand for energy and resources. Many of the volumes in this set, originally published between 1936 and 1995, provide models with which to measure the impact of policy decisions and technological change. Others analyze and discuss many of the issues which have enduring relevance: ailing global coal mining industries, the advent of new energy forms, increased competition from cheaper sources, strict pollution legislation and the impact that all of these issues have on productivity and employment.