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An Environmental Medium Term Economic Model - EMEC

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  • Östblom, Göran

    (National Institute of Economic Research)

Abstract

This paper describes the structure of a new CGE model of the Swedish Economy called EMEC. The model can be used for analysing economic implications on a disaggregated level of changes in variables that are exogenous to the economy. It incorporates the interaction between the economy and the environment and can thus be used for analysing enonomic implications of various environmental restrictions such as the Kyoto agreement on CO2 reductions. The model distinguishes 17 industries, 20 composite commodities, 19 groups of consumer goods, three kinds of labour and 15 pollutants. Apart from the level of disaggregation, the strength of the model is that it produces results, which can be interpreted fully in terms of the model`s theory, data and the assumptions underlying the exogenous input.

Suggested Citation

  • Östblom, Göran, 1999. "An Environmental Medium Term Economic Model - EMEC," Working Papers 69, National Institute of Economic Research.
    • Handle: RePEc:hhs:nierwp:0069
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    References listed on IDEAS

    as
    1. Dixon, Peter B. & Parmenter, B.R., 1996. "Computable general equilibrium modelling for policy analysis and forecasting," Handbook of Computational Economics, in: H. M. Amman & D. A. Kendrick & J. Rust (ed.), Handbook of Computational Economics, edition 1, volume 1, chapter 1, pages 3-85, Elsevier.
    2. Bovenberg, A Lans & Goulder, Lawrence H, 1996. "Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses," American Economic Review, American Economic Association, vol. 86(4), pages 985-1000, September.
    3. Bovenberg, A.L. & Goulder, L.H., 1996. "Optimal environmental taxation in the presence of other taxes : General equilibrium analyses," Other publications TiSEM 5d4b7517-c5c8-4ef6-ab76-3, Tilburg University, School of Economics and Management.
    4. Vern Caddy, 1976. "Empirical Estimation of the Elasticity of Substitution : A Review," Centre of Policy Studies/IMPACT Centre Working Papers op-09, Victoria University, Centre of Policy Studies/IMPACT Centre.
    5. Hans M. Amman & David A. Kendrick, . "Computational Economics," Online economics textbooks, SUNY-Oswego, Department of Economics, number comp1.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Maria Ljunggren Söderman & Ola Eriksson & Anna Björklund & Göran Östblom & Tomas Ekvall & Göran Finnveden & Yevgeniya Arushanyan & Jan-Olov Sundqvist, 2016. "Integrated Economic and Environmental Assessment of Waste Policy Instruments," Sustainability, MDPI, vol. 8(5), pages 1-21, April.
    2. Göran Östblom & Eva Samakovlis, 2007. "Linking health and productivity impacts to climate policy costs: a general equilibrium analysis," Climate Policy, Taylor & Francis Journals, vol. 7(5), pages 379-391, September.
    3. Östblom, Göran & Hammar, Henrik, 2007. "Outcomes of a Swedish Kilometre Tax. An analysis of Economic Effects and Effects on NOx Emissions," Working Papers 103, National Institute of Economic Research.
    4. 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.
    5. Samakovlis, Eva, 2004. "Ecosystems, Sustainability and Growth for Sweden during 1991-2001," Occasional Papers 4, National Institute of Economic Research.

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