Normal view MARC view

Thermodynamics and process analysis for future economic scenarios

Author: Ayres, Robert U. INSEAD Area: Economics and Political ScienceIn: Journal of Environmental and Resource Economics, no. 6, 1995 Language: EnglishDescription: p.207-230.Type of document: INSEAD ArticleNote: Please ask the Library for this articleAbstract: Economists are interested in forecasting future costs and benefits of policies for dealing with materials/energy fluxes, polluting emissions and environmental impacts on various scales, from sectoral to global. Computable general equilibrium (CGE) models are popular because they project demand and industrial structure onto the future, along an equilibrium path. But they are applicable only to the extent that structural changes occur in or near equilibrium, independent of radical technological (or social) change. The alternative tool analysing economic implications of scenario assumptions is to use Leontief-type input-output (I-O) models. I-O models are unable to endigenise structural shifts (changing I-O coefficients). This can be a virtue when considering radical rather than incremental shifts. Postulated I-O tables can be used independently to check the internal consistency scenarios. Or I-O models can be used to generate scenarios by linking them to econometric macro-drivers which can be CGE models
Tags: No tags from this library for this title. Add tag(s)
Log in to add tags.
Item type Current location Call number Status Date due
INSEAD Article Doriot Library
Available

Please ask the Library for this article

Economists are interested in forecasting future costs and benefits of policies for dealing with materials/energy fluxes, polluting emissions and environmental impacts on various scales, from sectoral to global. Computable general equilibrium (CGE) models are popular because they project demand and industrial structure onto the future, along an equilibrium path. But they are applicable only to the extent that structural changes occur in or near equilibrium, independent of radical technological (or social) change. The alternative tool analysing economic implications of scenario assumptions is to use Leontief-type input-output (I-O) models. I-O models are unable to endigenise structural shifts (changing I-O coefficients). This can be a virtue when considering radical rather than incremental shifts. Postulated I-O tables can be used independently to check the internal consistency scenarios. Or I-O models can be used to generate scenarios by linking them to econometric macro-drivers which can be CGE models

Digitized

There are no comments for this item.

Log in to your account to post a comment.
Koha 3.18 - INSEAD Library Catalogue
Library Home | Contact Us | What's Koha?