Article
The Khazzoom-Brookes postulate and neoclassical growth
The Energy Journal
(1992)
Abstract
This paper was the first to establish a formal theoretical foundation for the energy rebound effect. New insights include:
* Energy consumption "backfire" is not disallowed by neoclassical growth theory;
* The energy elasticity of substitution drives rebound magnitudes:
* The form of the production function matters to the nature and magnitude of rebound;
* Efficiency gains for other factors of production increase energy use (a kind of "backfire").
Keywords
- rebound,
- backfire,
- energy consumption rebound,
- energy rebound,
- rebound effect
Disciplines
Publication Date
1992
Citation Information
Harry D. Saunders. "The Khazzoom-Brookes postulate and neoclassical growth" The Energy Journal Vol. 13 Iss. 4 (1992) Available at: http://works.bepress.com/harry_saunders/6/