Transport - GRACE

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GRACE distinguish domestic and international transport.

Domestic transport in a region is divided into air, sea, and other transport activities, modeled as nested CES functions of energy use and other inputs.

Importing countries pay a price premium to the international transport sector. This price premium is determined by a fixed transport factor derived from the base year data. The supply of international transport services is depicted by a Cobb-Douglas aggregate of the service good from the individual regions. The Armington aggregate is then distributed between private, public, investment, and intermediate consumption.

Alert-warning.png Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE

Corresponding documentation
Previous versions
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Model information
Model link
Institution Center for International Climate Research (CICERO), Norway,
Solution concept General equilibrium (closed economy)
Solution method SimulationRecursive dynamic solution method