Energy
8 years ago

Fossil Fuel Depletion Threatens Romania's Economic Stability, Warns New Study

Procedia Economics and Finance
Simulating the Economic Impact of Resources Depletion Using a Computable General Equilibrium Model for Romania
Andrei Silviu Dospinescu

Paper Summary

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The article explores how running out of fossil energy resources can impact Romania's economy. Researchers created a model to see how this depletion affects things like GDP, production, and household spending. They found that dwindling energy resources can have significant effects on the country's economy and people's well-being.