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GEM-E3 Model Documentation

Author

Listed:
  • P. Capros

    () (National Technical University of Athens – ICCS – E3M Lab)

  • Denise Van Regemorter

    () (Energy, Transport and Environment Centre for Economic Studies Katholieke Universiteit Leuven)

  • Leonidas Paroussos

    () (National Technical University of Athens – ICCS – E3M Lab)

  • P. Karkatsoulis

    () (National Technical University of Athens – ICCS – E3M Lab)

  • C. Fragkiadakis

    () (National Technical University of Athens – ICCS – E3M Lab)

  • S. Tsani

    () (National Technical University of Athens – ICCS – E3M Lab)

  • I. Charalampidis

    () (National Technical University of Athens – ICCS – E3M Lab)

  • Tamas Revesz

    () (Corvinus University of Budapest)

Abstract

The computable general equilibrium model GEM-E3 has been used in a large set of climate policy applications supporting Commission policy proposals during the last decade, as well as in other environmental and economic policy areas. It can be considered a multi-purpose macroeconomic model, designed to estimate the effects of sector-specific policies on the economy as a whole. The main purpose of this publication is to provide extensive documentation of the model's equations and its underlying databases, in order to offer to the broader audience an accurate description of the model characteristics.

Suggested Citation

  • P. Capros & Denise Van Regemorter & Leonidas Paroussos & P. Karkatsoulis & C. Fragkiadakis & S. Tsani & I. Charalampidis & Tamas Revesz, 2013. "GEM-E3 Model Documentation," JRC Working Papers JRC83177, Joint Research Centre (Seville site).
  • Handle: RePEc:ipt:iptwpa:jrc83177
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    File URL: http://publications.jrc.ec.europa.eu/repository/handle/JRC83177
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    Cited by:

    1. Paroussos, Leonidas & Fragkiadakis, Kostas & Charalampidis, Ioannis & Tsani, Stella & Capros, Pantelis, 2015. "Macroeconomic scenarios for the south Mediterranean countries: Evidence from general equilibrium model simulation results," Economic Systems, Elsevier, vol. 39(1), pages 121-142.
    2. repec:eee:rensus:v:104:y:2019:i:c:p:111-126 is not listed on IDEAS
    3. repec:gam:jsusta:v:9:y:2017:i:12:p:2221-:d:121170 is not listed on IDEAS
    4. Francesco Di Comite & D'Artis Kancs, 2015. "Macro-Economic Models for R&D and Innovation Policies - A Comparison of QUEST, RHOMOLO, GEM-E3 and NEMESIS," JRC Working Papers JRC94323, Joint Research Centre (Seville site).
    5. H. Pollitt & J. -F. Mercure, 2015. "The role of money and the financial sector in energy-economy models used for assessing climate policy," Papers 1512.02912, arXiv.org.
    6. Jean Mercenier & Maria Teresa Alvarez Martinez & Andries Brandsma & Francesco Di Comite & Olga Diukanova & d'Artis Kancs & Patrizio Lecca & Montserrat Lopez-Cobo & Philippe Monfort & Damiaan Persyn & , 2016. "RHOMOLO-v2 Model Description: A spatial computable general equilibrium model for EU regions and sectors," JRC Working Papers JRC100011, Joint Research Centre (Seville site).
    7. Jonathan Pycroft & Jan Abrell & Juan-Carlos Ciscar, 2016. "The Global Impacts of Extreme Sea-Level Rise: A Comprehensive Economic Assessment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(2), pages 225-253, June.
    8. Qi, Tianyu & Winchester, Niven & Karplus, Valerie J. & Zhang, Da & Zhang, Xiliang, 2016. "An analysis of China's climate policy using the China-in-Global Energy Model," Economic Modelling, Elsevier, vol. 52(PB), pages 650-660.
    9. Willenbockel, Dirk, 2017. "Macroeconomic Effects of a Low-Carbon Electricity Transition in Kenya and Ghana: An Exploratory Dynamic General Equilibrium Analysis," MPRA Paper 78070, University Library of Munich, Germany.
    10. Li, Francis G.N. & Trutnevyte, Evelina & Strachan, Neil, 2015. "A review of socio-technical energy transition (STET) models," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 290-305.
    11. CISCAR MARTINEZ Juan Carlos & FEYEN Luc & SORIA RAMIREZ Antonio & LAVALLE Carlo & PERRY Miles & RAES Frank & NEMRY Francoise & DEMIREL Hande & RÓZSAI Máté & DOSIO Alessandro & DONATELLI Marcello & SRI, 2014. "Climate Impacts in Europe. The JRC PESETA II Project," JRC Working Papers JRC87011, Joint Research Centre (Seville site).
      • Ciscar, Juan-Carlos & Feyen, Luc & Soria, Antonio & Lavalle, Carlo & Raes, Frank & Perry, Miles & Nemry, Françoise & Demirel, Hande & Rozsai, Máté & Dosio, Alessandro & Donatelli, Marcello & Srivastav, 2014. "Climate Impacts in Europe - The JRC PESETA II Project," MPRA Paper 55725, University Library of Munich, Germany.
    12. Jeffrey C Peters, 2016. "GTAP-E-Power: An Electricity-detailed Economy-wide Model," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(2), pages 156-187, December.
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    15. Seixas, J. & Simões, S. & Dias, L. & Kanudia, A. & Fortes, P. & Gargiulo, M., 2015. "Assessing the cost-effectiveness of electric vehicles in European countries using integrated modeling," Energy Policy, Elsevier, vol. 80(C), pages 165-176.
    16. repec:eee:enepol:v:118:y:2018:i:c:p:462-473 is not listed on IDEAS

    More about this item

    Keywords

    Environmental economics; greenhouse gas emissions reduction; green tax reform; energy tax; energy-intensive sectors; competitiveness; multi-sectoral; computable general equilibrium model (CGE); scenario-building techniques; climate change impacts and adaptation assessment;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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