Computable General Equilibrium Modeling of Environmental Issues in Australia

Adams, Philip; Parmenter, Brian R.

doi:10.1016/b978-0-444-59568-3.00009-2

Cited by 31 publications

(24 citation statements)

References 21 publications

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“…Many of these enhancements are similar to those described above for MMRF. We do not describe the enhancements to GTEM here; a comprehensive description is provided in Adams and Parmenter (2013), section 9.3.1.2. Linking economic models with different economic structures is not straightforward.…”

Section: (I) Linking With Gtemmentioning

confidence: 99%

“…electricity) accounts for more than 50 per cent of Australia's greenhouse gas emissions. At what level of detail must the stationary energy sector be modelled *Parts of this article draw on the work reported in Adams and Parmenter (2013). We thank two referees for their helpful comments on the paper.…”

Section: Introductionmentioning

confidence: 99%

“…Parts of this article draw on the work reported in Adams and Parmenter (). We thank two referees for their helpful comments on the paper.…”

mentioning

confidence: 99%

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An Emissions Trading Scheme for Australia: National and Regional Impacts

Adams

Parmenter²,

Verikios

2014

Economic Record

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Computable general equilibrium modelling in Australia is oriented towards providing inputs to the policy‐formation process, a process that requires detail. We explain how the necessary level of detail can be provided using analysis of the potential economic impacts of a carbon price on the Australian economy that operates as part of a global emissions trading scheme. The global scheme sets the price and allocation of permits across countries. We find that domestic abatement falls well short of targeted abatement, Australia's GDP is 1.1 per cent lower relative to the basecase, and some industries and regions are vulnerable to employment losses.

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Section: (I) Linking With Gtemmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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An Emissions Trading Scheme for Australia: National and Regional Impacts

Adams

Parmenter²,

Verikios

2014

Economic Record

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“…And, over the past decade, new extensions of the GTAP model have shown that it has value beyond the economics profession. Collaborations with geographers, ecologists, engineers and climate scientists are creating new frontiers for research with the GTAP framework documented in this paper, as well as for CGE analyses more generally (Adams and Parmenter, 2013). MAKS multi-production ('make') matrix at supply prices 44 MAKB multi-production ('make') matrix at basic prices nested production function, can be written as follows in levels form:…”

Section: Discussionmentioning

confidence: 99%

The Standard GTAP Model, version 7

Corong

Hertel

McDougall

et al. 2017

JGEA

152

162

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This paper provides complete documentation for version 7 of the 'standard' Global Trade Analysis Project (GTAP) model. This is the first comprehensive documentation of the model since the 1997 'GTAP book' and this updated version includes some important new features. On a substantive level, commodities and activities are separated, allowing for multi-product sectors, as well as multiple sectors producing the same commodity. Additional flexibility is provided for modeling of production and consumption behavior, and the valuation and naming conventions have been modified. In addition, this paper folds in important advances since the 1997 publication, including the revised treatment of non-homotheticity in final demand, the welfare decomposition and multi-modal international transportation. The paper opens with an overview which puts this widely used model in broader context. The model exposition is comprehensive and includes a bridging table linking the original, 'classic' model with the current version. This is followed by a section discussing the major extensions of the standard model and how they are being used. The paper closes with an overall assessment and a discussion of future research directions.JEL codes: C68, D58, D60, F1

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“…A special place in the literature on modeling is given to computable general equilibrium (CGE) models [9,10]. These models are widely used for analysis of the consequences of implemented managerial decisions due to their ability to model reaction of the system to external influences [11]. In the energy sector, CGE-models appeared as useful empirical tools, allowing estimating scales of economic consequences of the energy and environmental policy [12,13,14,15].…”

Section: Literature Reviewmentioning

confidence: 99%

Tooling of Modeling and Strategic Planning of Energy-Efficient Development of the Regional Fuel and Energy Complex

Khasaev¹,

Tsybatov²

2017

Eurasian J Anal Chem

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The article is devoted to the relevant problem of regional development -elaboration of methodical tooling and information technologies of macroeconomic modeling and strategic planning of energy-efficient development of the Russian Federation regions. The task of energy-efficient development is solved through the search of the agreed scenarios of development of the Fuel and Energy Complex (FEC) and economy of the region; the scenarios which help to achieve the maximum approach to the targets for the offered system of energy indicators. The authors developed a dynamic multisectoral model of the Fuel and Energy Complex, which reproduces interconnected production processes, processing, transportation and use of all types of fuel and energy resources in the region. The methodology of formation of the multiple regional fuel and energy balance (FEB) is offered. It allows predicting energy intensity and energy consumption of economy, including, energy consumption of GRP, estimating energy security and energy efficiency of economy, and revealing "narrow" places and threats in FEC development. The methods and algorithms allowing solving the problems of multi-purpose management of FEC for many tens of the purposes and hundreds of control variables are developed for estimation of achievability of the purposes of energy-efficient development of the Russian Federation regions. On the basis of the methods and models, presented in the article, information technologies of situational forecasting and strategic planning are realized in the form of predictive and analytical system, aimed at support of managerial decisions of regional authorities in the task of energy efficiency and energy security increase at the Russian Federation regions. The developed tooling was calibrated on the statistical material of the Samara region and was tested while solving practical tasks of strategic planning of energy-efficient development of the Russian Federation regions.

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Computable General Equilibrium Modeling of Environmental Issues in Australia

Cited by 31 publications

References 21 publications

An Emissions Trading Scheme for Australia: National and Regional Impacts

An Emissions Trading Scheme for Australia: National and Regional Impacts

The Standard GTAP Model, version 7

Tooling of Modeling and Strategic Planning of Energy-Efficient Development of the Regional Fuel and Energy Complex

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