Community Research and Development Information Service - CORDIS

Abstract

The aim 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 programme addresses the interactions between the processes of energy production and consumption, the economy and the environment by means of energy-environment-economy models which cover the major aspects of energy problems. WARM (World Assessment of Resource Management) is an econometric general equilibrium model for the analysis of medium term policy issues concerning the economy-environment linkages. The purpose of this paper is to provide a technical description of the model. In particular, the features of the model that distinguish it from other undertakings currently employed by practitioners in the area are first described. A non-technical description of the main economic decisions of WARM agents is then provided. Thirdly, the analytical structure on which the model estimated equations are based is provided in detail. The main purpose of the present report is to provide the support document for the various simulation exercises and policy experiments to be performed with the model. The present document describes the structure of the model as of October 1995.

Additional information

Authors: CARRARO C, Universita di Venezia (IT);GALEOTTI M, Universita di Bergamo (IT)
Bibliographic Reference: EUR 16716 EN (1995) 69pp., 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: 199610119 / Last updated on: 1996-03-01
Category: PUBLICATION
Original language: en
Available languages: en