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Abstract

In December 1982 a second case study was undertaken using the medium term energy modelling system EURECA - EXPLOR - EDM. Section 1 of this report summarises the underlying assumptions on which the Reference Case II is based together with the results obtained. In Section 2 these aspects are treated in more detail, being discussed first of all against a macroeconomic background, and in the light of sectoral growth and energy demands. This is followed by a comparison between reference case I and II, in turn leading to a comparison of the results with those of other national forecasts. The main assumptions which underly Reference Case II concern energy prices. It is assumed that domestic energy prices will rise much more slowly over the period 1980 - 1990 than over the previous decade and that in real terms they will fall. This represents a distinct alternative to the first Reference Case study in which energy prices were assumed to rise considerably in real terms. The macroeconomic basis of the case study is derived from a simulation of the Eureca multinational model.

Additional information

Authors: HUGHES C CAMBRIDGE ECONOMETRICS LIMITED, CAMBRIDGE (UK), CAMBRIDGE ECONOMETRICS LIMITED, CAMBRIDGE (UK)
Bibliographic Reference: EUR 8800 EN (1983) MF, 29 P., BFR 120, BLOW-UP COPY BFR 150, EUROFFICE, LUXEMBOURG, POB 1907
Availability: Can be ordered online
Record Number: 1989122012200 / Last updated on: 1987-01-01
Category: PUBLICATION
Available languages: en