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dc.creatorDucoing, Cristiánes_ES
dc.creatorGales, Benes_ES
dc.creatorHölsgens, Rickes_ES
dc.creatorRubio Varas, María del Mares_ES
dc.date.accessioned2018-09-10T09:06:02Z
dc.date.available2018-09-10T09:06:02Z
dc.date.issued2018
dc.identifier.issn0358-5522 (Print)
dc.identifier.issn1750-2837 (Electronic)
dc.identifier.urihttps://hdl.handle.net/2454/30590
dc.description.abstractThe 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.sponsorshipCristián 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.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherTaylor & Francisen
dc.relation.ispartofScandinavian Economic History Review 67:1, 31-46en
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.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectCapital stocken
dc.subjectEnergyen
dc.subjectEnergy efficiencyen
dc.subjectLatin Americaen
dc.subjectEuropeen
dc.titleMachines and energy. Energy capital ratios in Europe and Latin America 1875 - 1970'en
dc.typeArtículo / Artikuluaes
dc.typeinfo:eu-repo/semantics/articleen
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.contributor.departmentInstitute for Advanced Research in Business and Economics - INARBEes_ES
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.identifier.doi10.1080/03585522.2018.1503968
dc.relation.projectIDinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016/HAR2017-86086-R/ES/en
dc.relation.publisherversionhttps://doi.org/10.1080/03585522.2018.1503968
dc.type.versionVersión publicada / Argitaratu den bertsioaes
dc.type.versioninfo:eu-repo/semantics/publishedVersionen


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© 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.
Except where otherwise noted, this item's license is described as © 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.

El Repositorio ha recibido la ayuda de la Fundación Española para la Ciencia y la Tecnología para la realización de actividades en el ámbito del fomento de la investigación científica de excelencia, en la Línea 2. Repositorios institucionales (convocatoria 2020-2021).
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