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https://doi.org/10.21642/jgea....
Article . 2020 . Peer-reviewed
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EconStor
Article . 2020
License: CC BY
Data sources: EconStor
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Linking global CGE models with sectoral models to generate baseline scenarios: Approaches, opportunities and pitfalls

Authors: Delzeit, Ruth; Beach, Roberto; Bibas, Ruben; Britz, Wolfgang; Chateau, Jean; Freund, Florian; Lefevre, Julien; +7 Authors

Linking global CGE models with sectoral models to generate baseline scenarios: Approaches, opportunities and pitfalls

Abstract

When modelling medium and long-term challenges we need a reference path of economic development (the so-called baseline). Because sectoral models often offer a more fundamental understanding of future developments for specific sectors, many CGE modeling teams have adopted different kinds of linking approaches to sectoral models to generate baselines. We systematically compare and discuss approaches of linking CGE models for the baseline calibration procedure, and discuss best practices and pitfalls. We identify different types of linking approaches which we divide into a) links with partial equilibrium models, and b) links with non-economic models. These two types of linking approaches are then analyzed with respect to e.g. the degree of linkage, information exchanged, as well as compromises in aggregations and definitions. Based on this, we discuss potential drawbacks and conclude with suggestions for best practices and research recommendations.

Countries
France, Austria
Keywords

JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C68 - Computable General Equilibrium Models, 330, ddc:330, Model linking baseline scenario, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, [SDE.ES]Environmental Sciences/Environmental and Society, Computable general equilibrium models, [SHS]Humanities and Social Sciences, [SDE.ES] Environmental Sciences/Environment and Society, JEL: D - Microeconomics/D.D5 - General Equilibrium and Disequilibrium/D.D5.D58 - Computable and Other Applied General Equilibrium Models, C68, D58, [SDE.ES]Environmental Sciences/Environment and Society, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Partial equilibrium model

  • BIP!
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    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    26
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 10%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
26
Top 10%
Top 10%
Top 10%
Green
bronze