IDEAS home Printed from https://ideas.repec.org/p/ris/mfplwp/0024.html
   My bibliography  Save this paper

CGE model PLACE

Author

Listed:
  • Antoszewski, Michal

    (Ministry of Finance)

  • Boratynski, Jakub

    (Ministry of Finance)

  • Zachlod-Jelec, Magdalena

    (Ministry of Finance)

  • Wojtowicz, Krzysztof

    (Ministry of Economy)

  • Cygler, Maciej

    (National Centre for Emissions Management)

  • Jeszke, Robert

    (National Centre for Emissions Management)

  • Pyrka, Maciej

    (National Centre for Emissions Management)

  • Sikora, Przemyslaw

    (National Centre for Emissions Management)

  • Bohringer, Christoph

    (World Bank)

  • Gaska, Jan

    (World Bank)

  • Jorgenson, Erika

    (World Bank)

  • Kasek, Leszek

    (World Bank)

  • Kiuila, Olga

    (World Bank)

  • Malarski, Ryszard

    (World Bank)

  • Rabiega, Wojciech

    (World Bank)

Abstract

PLACE is a static multi-region, multi-sector computable general equilibrium (CGE) model designed to assess the economic impact of energy and climate policies. Policies are typically analyzed using a comparative static approach, in which a situation with policy interference is compared to a situation without policy interference (often termed "baseline" or "business-as-usual"). Based on general equilibrium theory, PLACE incorporates micro-economic mechanisms within a comprehensive macro-economic framework, which distinguishes it from other large-scale economic models such as multivariate econometric models and input output analysis. The particular strengths of the CGE approach is the scope for quantifying distributional impacts of policies and the ability to reflect complex sectoral adjustments. This document constitutes technical documentation of the PLACE model and aims to present the underlying algebra and data sources that were used at different stages during the model's development.

Suggested Citation

  • Antoszewski, Michal & Boratynski, Jakub & Zachlod-Jelec, Magdalena & Wojtowicz, Krzysztof & Cygler, Maciej & Jeszke, Robert & Pyrka, Maciej & Sikora, Przemyslaw & Bohringer, Christoph & Gaska, Jan & J, 2015. "CGE model PLACE," MF Working Papers 24, Ministry of Finance in Poland.
    • Handle: RePEc:ris:mfplwp:0024
    as

    Download full text from publisher

    File URL: https://www.gov.pl/documents/1079560/1080340/MF_WP_No_22-2015.pdf/a3754174-e156-57f9-a382-f612965404be
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alpo Willman & Miguel A. León-Ledesma & Peter McAdam, 2012. "Explaining the Skill Premium: Technical Change or Capita-Skill Complements?," EcoMod2012 4356, EcoMod.
    2. Németh, Gabriella & Szabó, László & Ciscar, Juan-Carlos, 2011. "Estimation of Armington elasticities in a CGE economy-energy-environment model for Europe," Economic Modelling, Elsevier, vol. 28(4), pages 1993-1999, July.
    3. Mendoza, Enrique G & Tesar, Linda L, 1998. "The International Ramifications of Tax Reforms: Supply-Side Economics in a Global Economy," American Economic Review, American Economic Association, vol. 88(1), pages 226-245, March.
    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. Michal Antoszewski & Krzysztof Wójtowicz, 2016. "Allocation rules of free allowances in the EU ETS system. A CGE analysis," EcoMod2016 9444, EcoMod.
    2. Jan Gadomski, 2016. "Assessment of the Impact of the Reduction of the Gaseous Emissions on Growth in Poland. Assumptions and Preliminary Results," FindEcon Chapters: Forecasting Financial Markets and Economic Decision-Making, in: Magdalena Osińska (ed.), Statistical Review, vol. 63, 2016, 3, edition 1, volume 63, chapter 2, pages 273-288, University of Lodz.

    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. Croce, M.M. & Nguyen, Thien T. & Raymond, S. & Schmid, L., 2019. "Government debt and the returns to innovation," Journal of Financial Economics, Elsevier, vol. 132(3), pages 205-225.
    2. D’Erasmo, P. & Mendoza, E.G. & Zhang, J., 2016. "What is a Sustainable Public Debt?," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2493-2597, Elsevier.
    3. Francesco Busato & Bruno Chiarini, 2013. "Steady State Laffer Curve with the Underground Economy," Public Finance Review, , vol. 41(5), pages 608-632, September.
    4. Stéphane Auray & Aurélien Eyquem & Paul Gomme, 2016. "A Tale Of Tax Policies In Open Economies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(4), pages 1299-1333, November.
    5. Vasilev Aleksandar, 2018. "Optimal Fiscal Policy with Utility-Enhancing Government Spending, Consumption Taxation and a Common Income Tax Rate: The Case of Bulgaria," Review of Economics, De Gruyter, vol. 69(1), pages 1-16, April.
    6. Peter Lindert, 2003. "Why The Welfare State Looks Like a Free Lunch," Working Papers 59, University of California, Davis, Department of Economics.
    7. Michal Antoszewski, 2017. "Panel estimation of sectoral substitution elasticities for CES production functions," EcoMod2017 10160, EcoMod.
    8. Olivier Cardi & Romain Restout, 2014. "Unanticipated vs. Anticipated Tax Reforms in a Two-Sector Open Economy," Open Economies Review, Springer, vol. 25(2), pages 373-406, April.
    9. Alejandro Cunat & Szabolcs Deak & Marco Maffezzoli, 2022. "Tax Cuts in Open Economies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 83-108, July.
    10. Mendoza, Enrique G., 2000. "On the Benefits of Dollarization when Stabilization Policy Is Not Credible and Financial Markets are Imperfect," Working Papers 00-01, Duke University, Department of Economics.
    11. Gatut Luhur BUDIONO & Liliana Temirkhanovna BERDIMURATOVA & Jiwa Tribhuana TUNGGADEWI, 2015. "The Imbalance Of Trade Among Countries In The World Nowadays," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 1, pages 11-18.
    12. Gomez, Manuel A., 2007. "Optimal tax structure in a two-sector model of endogenous growth," Journal of Macroeconomics, Elsevier, vol. 29(2), pages 305-325, June.
    13. George Economides & Dimitris Papageorgiou & Apostolis Philippopoulos & Vanghelis Vassilatos, 2013. "Smaller Public Sectors in the Euro Area: Aggregate and Distributional Implications," CESifo Economic Studies, CESifo Group, vol. 59(3), pages 536-558, September.
    14. Olekseyuk, Zoryana & Schürenberg-Frosch, Hannah, 2016. "Are Armington elasticities different across countries and sectors? A European study," Economic Modelling, Elsevier, vol. 55(C), pages 328-342.
    15. Knobel, Alexander & Chokaev, Bekhan, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," EconStor Preprints 121853, ZBW - Leibniz Information Centre for Economics.
    16. Mathias Trabandt & Harald Uhlig, 2006. "How Far Are We From The Slippery Slope? The Laffer Curve Revisited," SFB 649 Discussion Papers SFB649DP2006-023, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    17. Pierre-Olivier Gourinchas & Olivier Jeanne, 2006. "The Elusive Gains from International Financial Integration," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(3), pages 715-741.
    18. Nason, James M. & Rogers, John H., 2006. "The present-value model of the current account has been rejected: Round up the usual suspects," Journal of International Economics, Elsevier, vol. 68(1), pages 159-187, January.
    19. Jim Dolmas & Gregory W. Huffman, 2004. "On The Political Economy Of Immigration And Income Redistribution," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1129-1168, November.
    20. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Public education under capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2005-2036, October.

    More about this item

    Keywords

    computable general equilibrium model; emissions; GTAP; baseline scenario;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

    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:ris:mfplwp:0024. 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: Ministry of Finance in Poland (email available below). General contact details of provider: https://edirc.repec.org/data/mfigvpl.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.