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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 Research Reports JRC83177, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc83177
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC83177
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    References listed on IDEAS

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    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;
    All these keywords.

    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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