GEM-E3 : Computable General Equilibrium Model for studying Economy-Energy-Environment InteractionsFunded under: FP3-JOULE 2
The general objective of the specific programme on non-nuclear energy, JOULE II, is to contribute to the development of economically viable and environmentally safer energy options; and energy saving technologies. The four areas covered by the programme are: analysis of strategies and modelling; minimum emission power production from fossil fuels; renewable energy sources; and energy utilization and conservation. The complex interactions between energy production and consumption, the economy and the environment are addressed by a number of energy-environment-economy models. This presentation describes GEM-E3, an applied general equilibrium model for the European Union member states that provides details on the macro-economy and its interaction with the environment and the energy system. The model computes the equilibrium prices of goods, services, labour and capital. Therefore following a computable general equilibrium approach. GEM-E3 is a multi-country model linking member states through endogenous trade of goods and services. It includes multiple industrial sectors and economic agents, allowing the consistent evaluation of distributional effects of policies. In addition, it is a multi-period model, involving dynamics of capital accumulation and technology progress, stock and flow relationships and backward looking expectations.
Bibliographic Reference: EUR 16714 EN (1995) 70pp., FS, free of charge
Availability: Available from the European Commission, Mr Eric Donni, DG XII, 200 rue de la Loi, B-1049 Bruxelles (BE)
Record Number: 199610117 / Last updated on: 1996-03-01
Original language: en
Available languages: en