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We build a general equilibrium model with renewable (non-polluting) and non-renewable (polluting) resources to analyze the interaction and compatibility between economic growth and a cleaner environment. The study is in two phases: (i) resource extraction/production costs are constant; (ii) resource producers invest in knowledge to reduce extraction/production costs, endogenizing technical change...
In this study, the methodology VAR and the cointegration analysis are used to examine the dynamic interaction among the energy prices of the competitor energy sources in a liberalised market. Data from the UK market were applied, and models for the residential and industrial sectors were developed. Our results indicate the existence of long-run relationships between the energy prices before and after...
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