Dynamics in the Extended Cass-Koopmans-Ramsey Growth Model

Ing. Lukáš Režný, Ph.D.

Doctoral thesis

Abstract:

This thesis deals with the expansion of the Cass-Koopmans-Ramsey model of economic growth with the energy sector. Firstly, the current problems presented by declining quality and limited quantity of fossil fuels together with the properties of the new renewable energy sources are analysed. Next, the relationship between economic growth and energy consumption is introduced. The paper then briefly describes the advantages of using system dynamics for an extension and analysis of economic models. The main content is the description of the expansion of the selected model of economic growth with the energy sector and resulting analysis of its dynamics. The impact of the varied quality of renewable energy sources on the future economic performance is being studied.

Keywords

model ekonomického růstu, fosilní paliva, obnovitelné zdroje energie, EROEI, systémová dynamika

Keywords

economic growth model, fossil fuels, renewable energy sources, EROEI, system dynamics

Language used: English

Date on which the thesis was submitted / produced: 17. 10. 2017

Thesis defence

• Date of defence: 18. 12. 2017
• Supervisor: prof. Ing. Ladislav Hájek, CSc.
• Reader: Jan Kodera, Miloslav Vošvrda, Ladislav Lukáš

University of Hradec Králové

Faculty of Informatics and Management

Doctoral programme / field:
Systémové inženýrství a informatika / Informační a znalostní management