IDEAS home Printed from https://ideas.repec.org/p/hhs/nierwp/0096.html
   My bibliography  Save this paper

The EMEC model: Version 2.0

Author

Listed:
  • Östblom, Göran

    (National Institute of Economic Research)

  • Berg, Charlotte

    (National Institute of Economic Research)

Abstract

The present paper introduces a new version of an applied general equilibrium model of the Swedish economy: Environmental Medium Term Economic Model (EMEC). The model is used at NIER for analysing economic implications for households and firms of the Swedish environmental policy. The economy and the environment interact in the model and thus, we can analyse the economic implica-tions of various environmental policy measures, such as a CO2-tax, a CO2-ceiling and CO2-trading. The model captures also ancillary benefits of climate policy for NOx, SO2, PM10 and PM20. This new version of EMEC, in addition, analyses the effects of road user charges and the economic impact of environmental policy measures on six types of households, as transport demand is represented in a much more detail and as households are distributed, by disposal income and residence. Furthermore, the model distinguishes 26 industries, 33 composite commodities, 26 consumer goods, two kinds of labour and eight pollutants. The model produces results for endogenous variables, which can be interpreted fully in terms of the model’s theory, data and the assumptions underlying the exogenous variables.

Suggested Citation

  • Östblom, Göran & Berg, Charlotte, 2006. "The EMEC model: Version 2.0," Working Papers 96, National Institute of Economic Research.
    • Handle: RePEc:hhs:nierwp:0096
    as

    Download full text from publisher

    File URL: http://www.konj.se/download/18.2f6bcfe715102074335b2a09/1447681625135/Working-Paper-96-The-EMEC-model-Version-2.0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gorton, Gary & Rosen, Richard, 1995. "Corporate Control, Portfolio Choice, and the Decline of Banking," Journal of Finance, American Finance Association, vol. 50(5), pages 1377-1420, December.
    2. Gerard Gennotte and Hayne Leland., 1991. "Low Margins, Derivative Securities, and Volatility," Research Program in Finance Working Papers RPF-211, University of California at Berkeley.
    3. Url, Thomas, 1996. "Internationalists, Regionalists, or Eurocentrists," Working Papers 51, National Institute of Economic Research.
    4. Boot, Arnoud W A & Greenbaum, Stuart I & Thakor, Anjan V, 1993. "Reputation and Discretion in Financial Contracting," American Economic Review, American Economic Association, vol. 83(5), pages 1165-1183, December.
    5. Östblom, Göran & Samakovlis, Eva, 2004. "Costs of Climate Policy when Pollution Affects Health and Labour Productivity. A general Equilibrium Analysis Applied to Sweden," Working Papers 93, National Institute of Economic Research.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Krook-Riekkola, Anna & Berg, Charlotte & Ahlgren, Erik O. & Söderholm, Patrik, 2017. "Challenges in top-down and bottom-up soft-linking: Lessons from linking a Swedish energy system model with a CGE model," Energy, Elsevier, vol. 141(C), pages 803-817.
    2. Fattahi, Amirhossein & Reynès, Frédéric & van der Zwaan, Bob & Sijm, Jos & Faaij, André, 2023. "Soft-linking a national computable general equilibrium model (ThreeME) with a detailed energy system model (IESA-Opt)," Energy Economics, Elsevier, vol. 123(C).
    3. Sjöström, Magnus & Östblom, Göran, 2009. "Future Waste Scenarios for Sweden based on a CGE-model," Working Papers 109, National Institute of Economic Research.
    4. Lemoine, Derek, 2020. "General equilibrium rebound from energy efficiency innovation," European Economic Review, Elsevier, vol. 125(C).
    5. Broberg, Thomas & Berg, Charlotte & Samakovlis, Eva, 2015. "The economy-wide rebound effect from improved energy efficiency in Swedish industries–A general equilibrium analysis," Energy Policy, Elsevier, vol. 83(C), pages 26-37.
    6. Persson, Urban & Münster, Marie, 2016. "Current and future prospects for heat recovery from waste in European district heating systems: A literature and data review," Energy, Elsevier, vol. 110(C), pages 116-128.
    7. Sjöström, Magnus & Östblom, Göran, 2010. "Decoupling waste generation from economic growth -- A CGE analysis of the Swedish case," Ecological Economics, Elsevier, vol. 69(7), pages 1545-1552, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boman, Mattias & Huhtala, Anni & Nilsson, Charlotte & Alroth, Sofia & Bostedt, Göran & Mattssson, Leif & Gong, Peichen, 2003. "Applying the Contingent Valuation Method in Resource Accounting: A Bold Proposal," Working Papers 85, National Institute of Economic Research.
    2. Meredith Beechey & Pär Österholm, 2014. "Central Bank Forecasts of Policy Interest Rates: An Evaluation of the First Years," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 43(1), pages 63-78, February.
    3. Gren, Ing-Marie, 2003. "Monetary Green Accounting and Ecosystem Services," Working Papers 86, National Institute of Economic Research.
    4. P�r Österholm, 2014. "Survey data and short-term forecasts of Swedish GDP growth," Applied Economics Letters, Taylor & Francis Journals, vol. 21(2), pages 135-139, January.
    5. Lindén, Johan, 2004. "The Labor Market in KIMOD," Working Papers 89, National Institute of Economic Research.
    6. Forslund, Johanna & Samakovlis, Eva & Vredin Johansson, Maria, 2006. "Matters Risk? The Allocation of Government Subsidies for Remediation of Contaminated Sites under the Local Investment Programme," Working Papers 94, National Institute of Economic Research.
    7. Marcus Mossfeldt & Par Osterholm, 2011. "The persistent labour-market effects of the financial crisis," Applied Economics Letters, Taylor & Francis Journals, vol. 18(7), pages 637-642.
    8. Lindström, Tomas, 2003. "The Role of High-Tech Capital Formation for Swedish Productivity Growth," Working Papers 83, National Institute of Economic Research.
    9. Jan-Erik Antipin & Farid Jimmy Boumediene & Pär Österholm, 2014. "On the Usefulness of Constant Gain Least Squares when Forecasting the Unemployment Rate," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, vol. 60(4), pages 315-336.
    10. Vartiainen, Juhana, 2010. "Interpreting Wage Bargaining Norms," Working Papers 116, National Institute of Economic Research.
    11. Thakor, Anjan V., 1996. "Financial conglomeration: Issues and questions," The North American Journal of Economics and Finance, Elsevier, vol. 7(2), pages 135-145.
    12. Östblom, Göran & Ljunggren Söderman, Maria & Sjöström, Magnus, 2010. "Analysing future solid waste generation - Soft linking a model of waste management with a CGE-model for Sweden," Working Papers 118, National Institute of Economic Research.
    13. Österholm, Pär, 2013. "Forecasting Business Investment in the Short Term Using Survey Data," Working Papers 131, National Institute of Economic Research.
    14. Nicodano, Giovanna & Regis, Luca, 2019. "A trade-off theory of ownership and capital structure," Journal of Financial Economics, Elsevier, vol. 131(3), pages 715-735.
    15. Fogel, Kathy & Jandik, Tomas & McCumber, William R., 2018. "CFO social capital and private debt," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 28-52.
    16. Michiel Bijlsma & Wouter Elsenburg & Michiel van Leuvensteijn, 2010. "Four Futures for Finance; A scenario study," CPB Document 211.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    17. Elijah Brewer III & Thomas H. Mondschean & Philip Strahan, 1996. "The Role of Monitoring in Reducing the Moral Hazard Problem Associated with Government Guarantees: Evidence from the Life Insurance Industry," Center for Financial Institutions Working Papers 96-15, Wharton School Center for Financial Institutions, University of Pennsylvania.
    18. Ergungor, O. Emre, 2008. "Financial system structure and economic growth: Structure matters," International Review of Economics & Finance, Elsevier, vol. 17(2), pages 292-305.
    19. Honohan, Patrick*Vittas, Dimitri, 1996. "Bank regulation and the network paradigm : policy implications for developing and transition economies," Policy Research Working Paper Series 1631, The World Bank.
    20. Hou, Xiaohui & Li, Shuo & Li, Wanli & Wang, Qing, 2018. "Bank diversification and liquidity creation: Panel Granger-causality evidence from China," Economic Modelling, Elsevier, vol. 71(C), pages 87-98.

    More about this item

    Keywords

    CGE-model; Sectors; Pollutants; Factors of production; Substitution; Sweden;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:nierwp:0096. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Hegardt Grant (email available below). General contact details of provider: https://edirc.repec.org/data/kongvse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.