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DEVELOPMENT OF THE MIDAS AND HERMES MODELS.

Objective

THE MIDAS ECONOMETRIC ESTIMATIONS WILL HAVE THE RELIABILITY NEEDED FOR THE PRODUCTION OF DETAILED ENERGY FORECESTS UP TO 1995. IN ADDITION THE ESTIMATED PARAMETERS WILL HAVE A SCIENTIFIC VALUE MUCH IN DEMAND (PRICE ELASTICITIES);

THE HERMES DATA ARE ESSENTIAL FOR THE UPDATING OF THE MODEL, AND NECESSARY FOR STUDIES OF THE ENERGY-ECONOMY INTERFACE AND OF THE INTERNAL MARKET.

TWO CATEGORIES OF TASKS WILL BE CARRIED OUT:

- MIDAS MODEL:
PARTIAL REESTIMATION OF THE MODEL FOR THE TRANSPORT SECTORS, CONSOLIDATION OF RESULTS, PREPARATION OF MIDAS FOR SPAIN AND PORTUGAL, PRODUCTION OF VARIANTS

- HERMES MODEL:
MAINTENANCE OF DATABASE, PREPARATION OF GERMAN DATA BASE, DEVELOPMENT OF COMPUTER SOFTWARE.

Funding Scheme

CSC - Cost-sharing contracts

Coordinator

Universite Libre de Bruxelles
Address
Avenue Franklin Roosevelt 50
Bruxelles
Belgium