Peter Mulder, Assistant Professor, VU University Amsterdam and Tinbergen Institute, The Netherlands

• Contents: Part I: Introduction 1. Technological Change, Economic Growth and Energy Use 2. Economic Theory of Growth and Technological Change: A Neoclassical Versus an Evolutionary Perspective Part II: Theoretical Models 3. Explaining Slow Diffusion of Energy-Saving Technologies: Returns-to-Diversity and Learning-by-Using in a Vintage Model 4. Subsidizing the Adoption of Energy-Saving Technologies Part III: Empirical Analyses 5. International Comparisons of Sectoral Energy and Labour Productivity: Stylized Facts and Decomposition of Trends 6. Sectoral Energy and Labour Productivity Convergence Part IV: Policy Analyses and Conclusions 7. Dynamics of Technology Diffusion in an Applied Energy–Economic Model for the Netherlands 8. Conclusions References Index

'This book is a path-breaking work. It is unique in the economic growth literature for its incorporation of diffusion theory into an economic growth model. In constructing the model, the author has drawn on both neo-classical and evolutionary growth theory. He uses the model to address the energy-efficiency paradox - why are efficient energy technologies often adopted so slowly? A significant, and counterintuitive, finding is that subsidies designed to speed-up the adoption of energy saving technologies in the short run may have an adverse effect in the longer run, due to the premature adoption of inferior technologies. Therefore, an important policy implication is that increased subsidies for energy saving technologies can be counterproductive.'

Peter Mulder, Assistant Professor, VU University Amsterdam and Tinbergen Institute, The Netherlands

• Contents: Part I: Introduction 1. Technological Change, Economic Growth and Energy Use 2. Economic Theory of Growth and Technological Change: A Neoclassical Versus an Evolutionary Perspective Part II: Theoretical Models 3. Explaining Slow Diffusion of Energy-Saving Technologies: Returns-to-Diversity and Learning-by-Using in a Vintage Model 4. Subsidizing the Adoption of Energy-Saving Technologies Part III: Empirical Analyses 5. International Comparisons of Sectoral Energy and Labour Productivity: Stylized Facts and Decomposition of Trends 6. Sectoral Energy and Labour Productivity Convergence Part IV: Policy Analyses and Conclusions 7. Dynamics of Technology Diffusion in an Applied Energy–Economic Model for the Netherlands 8. Conclusions References Index

'This book is a path-breaking work. It is unique in the economic growth literature for its incorporation of diffusion theory into an economic growth model. In constructing the model, the author has drawn on both neo-classical and evolutionary growth theory. He uses the model to address the energy-efficiency paradox - why are efficient energy technologies often adopted so slowly? A significant, and counterintuitive, finding is that subsidies designed to speed-up the adoption of energy saving technologies in the short run may have an adverse effect in the longer run, due to the premature adoption of inferior technologies. Therefore, an important policy implication is that increased subsidies for energy saving technologies can be counterproductive.'

Peter Mulder, Assistant Professor, VU University Amsterdam and Tinbergen Institute, The Netherlands

• Contents: Part I: Introduction 1. Technological Change, Economic Growth and Energy Use 2. Economic Theory of Growth and Technological Change: A Neoclassical Versus an Evolutionary Perspective Part II: Theoretical Models 3. Explaining Slow Diffusion of Energy-Saving Technologies: Returns-to-Diversity and Learning-by-Using in a Vintage Model 4. Subsidizing the Adoption of Energy-Saving Technologies Part III: Empirical Analyses 5. International Comparisons of Sectoral Energy and Labour Productivity: Stylized Facts and Decomposition of Trends 6. Sectoral Energy and Labour Productivity Convergence Part IV: Policy Analyses and Conclusions 7. Dynamics of Technology Diffusion in an Applied Energy–Economic Model for the Netherlands 8. Conclusions References Index

'This book is a path-breaking work. It is unique in the economic growth literature for its incorporation of diffusion theory into an economic growth model. In constructing the model, the author has drawn on both neo-classical and evolutionary growth theory. He uses the model to address the energy-efficiency paradox - why are efficient energy technologies often adopted so slowly? A significant, and counterintuitive, finding is that subsidies designed to speed-up the adoption of energy saving technologies in the short run may have an adverse effect in the longer run, due to the premature adoption of inferior technologies. Therefore, an important policy implication is that increased subsidies for energy saving technologies can be counterproductive.'