{"title":"Waste-heat and economic growth in the very long run","authors":"Chadwick C. Curtis , Steven Lugauer","doi":"10.1016/j.econlet.2025.112467","DOIUrl":null,"url":null,"abstract":"<div><div>This paper presents a model of economic growth that incorporates production damages due to waste-heat. Our approach builds from the models developed to study how carbon emissions impact the economy; however, the direct waste-heat channel that we consider is distinct from the on-going greenhouse gas induced climate change. If energy use continues to rise exponentially with economic growth, then direct heat also has the potential to elevate global temperatures. In the model, sustained economic growth continues in the long run only if something is done about this waste-heat.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112467"},"PeriodicalIF":2.1000,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176525003040","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper presents a model of economic growth that incorporates production damages due to waste-heat. Our approach builds from the models developed to study how carbon emissions impact the economy; however, the direct waste-heat channel that we consider is distinct from the on-going greenhouse gas induced climate change. If energy use continues to rise exponentially with economic growth, then direct heat also has the potential to elevate global temperatures. In the model, sustained economic growth continues in the long run only if something is done about this waste-heat.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.