Objective
IN CLOSE COOPERATION WITH THE MEMBER STATES, THE COMMISSION UNDERTOOK THE CONSTRUCTION OF THE HERMES MODEL IN 1981. HERMES REPRESENTS THE NEW GENERATION OF ECONOMIC MODELS WITH ENERGY ORIENTATIONS AND SECTORAL DIMENSION. THE ECONOMY OF EVERY COUNTRY IS DESCRIBED IN 9 PRODUCTION SECTORS, 15 PRIVATE CONSUMPTION GOODS, 5 FOREIGN TRADE COMMODITIES. SUPPLY AND DEMAND OF ENERGY ARE REPRESENTED IN A RELATIVELY DETAILED WAY.
THE HERMES MODEL WILL BE UTILIZED ESPECIALLY FOR THE ANALYSIS OF THE INTERFACE BETWEEN ENERGY AND ECONOMY AND FOR THE DETERMINATION OF A COHERENT ECONOMIC FRAMEWORK FOR ENERGY POLICY AND AS AN INSTRUMENT FOR THE ENERGY FORECASTING.
SUCH A MODEL WILL FIND ITS PRINCIPAL APPLICATION AS AN AID TO ENERGY PLANNERS AND POLICY MAKERS IN ILLUSTRATING AND EVALUATING THE IMPACT OF NEW TECHNOLOGIES, ANALYSIS OF EMPLOYMENT PROBLEMS, INVESTMENT PROBLEMS, STRUCTURAL CHANGES...
The original specification of the HERMES economic model can be characterised by 3 crucial numbers:
the number of production blocks;
the number of private consumption categories;
the number of different energy types.
The HERMES-Ireland model consists of the following sections:
production sectors;
behaviour of household, wage determination, consumption, housing investment and labour supply (including migration);
trade volumes and prices examined together with a simple method of handling energy;
manner in which the government fiscal, expenditure and debit financing activities are handled;
energy submodel (not presently incorporated into the complete model) including modelling the interfuel substitution process.
Finally, the functioning of the HERMES-Ireland model as a complete system is described.
- ADJUSTMENT OF THE FOUR SECTORS NATIONAL MODEL IN SIX SECTORS. HERMES VERSION FOR THE PRODUCTION BLOCK AND REESTIMATION OF THIS SECTOR,
- COMPLETION OF THE NATIONAL ACCOUNTS,
- EX-POST SIMULATION ON THE PERIOD 1970-1980,
- ANALYTICAL VARIANTS (1970-1981),
- IMPROVEMENT OF THE MODEL,
- TRANSFER TO THE EEC COMPUTER,
- FORECASTS ON THE PERIOD 1980-1990.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Data not available
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
DUBLIN
Ireland
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.