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The EMEC model: Version 2.0

Author

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  • 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
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    References listed on IDEAS

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    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. 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.
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    Cited by:

    1. Sjöström, Magnus & Östblom, Göran, 2009. "Future Waste Scenarios for Sweden based on a CGE-model," Working Papers 109, National Institute of Economic Research.
    2. 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.
    3. 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.
    4. 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.

    More about this item

    Keywords

    CGE-model; Sectors; Pollutants; Factors of production; Substitution; Sweden;

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