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Climbing the Energy Ladder: How Energy Resources Hinder, Facilitate, and Fuel Economic Growth

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NBER2025-06-01 更新2025-06-14 收录
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I show that the nature of the energy resources available to an economy qualitatively determines long-run growth outcomes. A harvested resource such as biomass drags on growth, a mined resource such as coal enables output per capita to hold constant, and both a tapped resource such as oil and a

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2025-06-01
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