Economic activity - GEM-E3
|Model link||https://ec.europa.eu/clima/sites/clima/files/strategies/analysis/models/docs/gem e3 long en.pdf|
|Institution||Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.|
|Solution concept||General equilibrium (closed economy)|
The model captures the inter-relations of all economic agents of the economic system and computes endogenously sectoral production, sectoral value added, GDP and its components, incomes and employment.