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Journal Article
Micropower: The next big thing?
Working Paper
Variance properties of Solow's productivity residual and their cyclical implications
For the United States economy (1960-1989), the correlation between the growth rates of the Solow residual and the real price of energy (government spending) is -0.55 (0.09). The Solow residual confounds movements in energy prices and government spending with those in true technology. Why? To address this question, this study develops a model to see if it quantitatively captures the endogenous transmission mechanism underlying the observed Solow residual correlations. It does. The transmission mechanism depends on endogenous capital utilization. With this transmission mechanism in place, and ...
Journal Article
The nature and origins of the U.S. energy crisis
Journal Article
A mixed blessing: oil and Latin American economies
Journal Article
U.S. energy supplies and uses: staff economic study
Journal Article
A perspective on the economics of natural gas decontrol
Journal Article
Energy helps power the Southeastern economy
Journal Article
Are we running out of oil?