Policy - ENV-Linkages: Difference between revisions
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Note: The documentation of ENV-Linkages is 'in preparation' and is not yet 'published'!
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{{ModelDocumentationTemplate | In most dynamic baseline or reference simulations, the growth rate of real per capita GDP will be exogenous and an economy-wide variable, for example a uniform labor productivity shifter, is endogenous and will serve as the instrument to target GDP growth. In policy or alternative simulations, the economy-wide factor would normally be exogenous and the growth rate of GDP would be endogenous.{{ModelDocumentationTemplate | ||
|IsDocumentationOf=ENV-Linkages | |IsDocumentationOf=ENV-Linkages | ||
|DocumentationCategory=Policy | |DocumentationCategory=Policy | ||
}} | }} | ||
Latest revision as of 17:45, 26 September 2023
In most dynamic baseline or reference simulations, the growth rate of real per capita GDP will be exogenous and an economy-wide variable, for example a uniform labor productivity shifter, is endogenous and will serve as the instrument to target GDP growth. In policy or alternative simulations, the economy-wide factor would normally be exogenous and the growth rate of GDP would be endogenous.
Note: The documentation of ENV-Linkages is 'in preparation' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | Organisation for Economic Co-operation and Development (OECD), France, https://www.oecd.org/. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | The ENV-Linkages model is a recursive dynamic neo-classical general equilibrium model, meaning that decision-makers do not know the future when making a decision today. After it solves each period, the model then uses the resulting state of the world, including the consequences of decisions made in that period - such as resource depletion, capital stock retirements and installations, and changes to the landscape - and then moves to the next time step and performs the same exercise. |