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Energy Prices and Productivity Growth DaleW Jorgenson
Energy Trade and Economic Effects
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aggregate analysis assumed assumption backstop technology balance capital input cartel cent changes coal competitive constraint consumption crude oil Dasgupta decline domestic duopoly econometric econometric model efficiency elasticity energy conservation equation equilibrium exhaustible resources exogenous expected expenditure export prices Finland fiscal drag fuel future price higher impact imperfect competition implies industrial initial investment Jorgenson labor input lower marginal cost marginal revenue MARKAL market structures monopolist natural gas natural resource Nordic countries Norway OECD oil imports oil price increase oil price rise oligopolistic oligopoly OPEC respending optimal output Partha Dasgupta patent payments period petroleum Proposition pure monopoly rate of production real GNP real income reduced reference scenario resource cartel resource owner resource price respending ratio sectoral level sectoral productivity growth simulated slowdown Stiglitz substitute supply Sweden Table tion trade effect tradeables U.S. economic growth U.S. economy uncertainty wage rate World Model