Machines and energy. Energy capital ratios in Europe and Latin America 1875 - 1970'

Ducoing, Cristián; Gales, Ben; Hölsgens, Rick; Rubio Varas, María del Mar

Publication:
Machines and energy. Energy capital ratios in Europe and Latin America 1875 - 1970'

dc.contributor.author	Ducoing, Cristián	es_ES
dc.contributor.author	Gales, Ben	es_ES
dc.contributor.author	Hölsgens, Rick	es_ES
dc.contributor.author	Rubio Varas, María del Mar
dc.contributor.department	Ekonomia	eu
dc.contributor.department	Institute for Advanced Research in Business and Economics - INARBE	en
dc.contributor.department	Economía	es_ES
dc.date.accessioned	2018-09-10T09:06:02Z
dc.date.available	2018-09-10T09:06:02Z
dc.date.issued	2018
dc.description.abstract	The relationship between energy and capital is one of the most important aspects of modern economic growth. Machines need energy to produce all the goods we enjoy; energy would be far less useful for humankind in absence of machines. However, the great majority of the economic models do not take into account the elasticities of substitution (or complementaries) between these two main variables. Actually, energy is absent in many growth models and discussions on diverging economic development paths. We approach this relevant issue from a new perspective: energy and capital relations during 100 years. We use the latest estimations of capital stock (machinery and equipment) and energy consumption for Latin America and compare them with those of Western Europe. The energy–capital ratio (how much energy is used per unit of capital) could be a predictor of economic growth, thus providing stylised facts about the timing and causes of the different modernisation patterns of these regions and showing us some answers on the long-run relationship between energy consumption and capital accumulation.	en
dc.description.sponsorship	Cristián Ducoing acknowledges the funding by Comisión Nacional de Investigación Científica y Tecnológica (CONICYT), Chile, with the project PAI:82130021 and Jan Wallanders och Tom Hedelius Stiftelse samt Tore Browaldhs Stiftelse ‘Engines for sustainability. Horsepower prices, capital substitution and energy transitions in the long run’. Mar Rubio acknowledges the financial support by Ministerio de Educación, Cultura y Deporte Spanish Government, project HAR2017-86086-R.	en
dc.format.mimetype	application/pdf	en
dc.identifier.doi	10.1080/03585522.2018.1503968
dc.identifier.issn	0358-5522 (Print)
dc.identifier.issn	1750-2837 (Electronic)
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/30590
dc.language.iso	eng	en
dc.publisher	Taylor & Francis	en
dc.relation.ispartof	Scandinavian Economic History Review 67:1, 31-46	en
dc.relation.projectID	info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/HAR2017-86086-R/ES/	en
dc.relation.publisherversion	https://doi.org/10.1080/03585522.2018.1503968
dc.rights	© 2018 The Author(s). This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License, which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.	en
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Capital stock	en
dc.subject	Energy	en
dc.subject	Energy efficiency	en
dc.subject	Latin America	en
dc.subject	Europe	en
dc.title	Machines and energy. Energy capital ratios in Europe and Latin America 1875 - 1970'	en
dc.type	Artículo / Artikulua	es
dc.type	info:eu-repo/semantics/article	en
dc.type.version	Versión publicada / Argitaratu den bertsioa	es
dc.type.version	info:eu-repo/semantics/publishedVersion	en
dspace.entity.type	Publication
relation.isAuthorOfPublication	22a9454b-1f32-46ee-8adf-0ba52665b8c7
relation.isAuthorOfPublication.latestForDiscovery	22a9454b-1f32-46ee-8adf-0ba52665b8c7

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