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Energy-economy analysis: Linking the macroeconomic and systems engineering approaches

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  • Wene, C.-O.

Abstract

Informal linking or softlinking of macroeconomic and systems engineering models can provide high variety tools for joint energy-economy analysis. A necessary condition for internal control of such linking is a common, formalized language describing areas of overlap between the models. The principle of a common language is discussed and demonstrated for the softlinking of a macroeconomic model (ETA-MACRO) and a systems engineering model (MESSAGE III).

Suggested Citation

  • Wene, C.-O., 1996. "Energy-economy analysis: Linking the macroeconomic and systems engineering approaches," Energy, Elsevier, vol. 21(9), pages 809-824.
    • Handle: RePEc:eee:energy:v:21:y:1996:i:9:p:809-824
    DOI: 10.1016/0360-5442(96)00017-5
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    1. Jorgenson, Dale W. & Goettle, Richard J. & Ho, Mun S. & Wilcoxen, Peter J., 2013. "Energy, the Environment and US Economic Growth," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 477-552, Elsevier.
    2. Alan Manne & Richard Richels, 1992. "Buying Greenhouse Insurance: The Economic Costs of CO2 Emission Limits," MIT Press Books, The MIT Press, edition 1, volume 1, number 026213280x, December.
    3. William D. Nordhaus, 1992. "The 'DICE' Model: Background and Structure of a Dynamic Integrated Climate-Economy Model of the Economics of Global Warming," Cowles Foundation Discussion Papers 1009, Cowles Foundation for Research in Economics, Yale University.
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