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Econometric general equilibrium modeling

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  • Jorgenson, Dale W.

Abstract

The point of departure for the study of the impact of energy and environmental policies is the neo-classical theory of economic growth formulated by Cass (1965) and Koopmans (1967). The long-run properties of economic growth models are independent of energy and environmental policies. However, these policies affect capital accumulation and rates of productivity growth that determine the intermediate-run trends that are important for policy evaluation.

Suggested Citation

  • Jorgenson, Dale W., 2016. "Econometric general equilibrium modeling," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 436-447.
    • Handle: RePEc:eee:jpolmo:v:38:y:2016:i:3:p:436-447
    DOI: 10.1016/j.jpolmod.2016.02.004
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    2. J. A. León & M. Ordaz & E. Haddad & I. F. Araújo, 2022. "Risk caused by the propagation of earthquake losses through the economy," Nature Communications, Nature, vol. 13(1), pages 1-11, December.
    3. Feng Shenghao & Philip Adams & Zhang Keyu & Peng Xiujian & Yang Jun, 2020. "Economic Implications of Global Energy Interconnection," Centre of Policy Studies/IMPACT Centre Working Papers g-307, Victoria University, Centre of Policy Studies/IMPACT Centre.
    4. Hernández-Romero, Ilse María & Fuentes-Cortés, Luis Fabián & Nápoles-Rivera, Fabricio, 2019. "Conditions accommodating a dominant stakeholder in the design of renewable air conditioning systems for tourism complexes," Energy, Elsevier, vol. 172(C), pages 808-822.

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    More about this item

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • 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
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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