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Oil Price Increases and Macroeconomic Instability: General Equilibrium Calculations on the Basis of Swedish Data

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Abstract

Like its global counterpart, the Swedish energy system has been in a state of continual transition since the beginning of industrialisation. As can be seen in Figure 9.1, wood was the main energy source when Sweden entered the industrial era in the middle of the nineteenth century. It remained so for some time, but was then succeeded by coal, which in terms of energy market share, reached its peak around 1900.

Keywords

  • Energy Policy
  • Computable General Equilibrium Model
  • World Market Price
  • Composite Good
  • Real Wage Rate

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References

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© 1987 International Economic Association

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Bergman, L. (1987). Oil Price Increases and Macroeconomic Instability: General Equilibrium Calculations on the Basis of Swedish Data. In: Maillet, P., Hague, D., Rowland, C. (eds) The Economics of Choice between Energy Sources. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18624-2_10

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