Economic activity - REMIND-MAgPIE: Difference between revisions
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Note: The documentation of REMIND-MAgPIE is and is not yet 'published'!
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The three main components of GDP are capital, labor and energy. The energy sector is split into different final, secondary and primary components nested through a CES function (see more detailed description under Production system and representation of economic sectors and in Figure 3). REMIND is calibrated so that the output matches exogenous GDP projections subject to exogenous labor and final energy demand projections through an adjustment of labor productivity and energy efficiency parameters. Energy efficiencies are time, region and energy-type specific, labor productivity is time and region-specific. | |||
Revision as of 10:56, 20 December 2016
Note: The documentation of REMIND-MAgPIE is and is not yet 'published'!| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | Potsdam Institut für Klimafolgenforschung (PIK), Germany, https://www.pik-potsdam.de/research/sustainable-solutions/models/remind. |
| Solution concept | |
| Solution method | |
| Anticipation | |
The three main components of GDP are capital, labor and energy. The energy sector is split into different final, secondary and primary components nested through a CES function (see more detailed description under Production system and representation of economic sectors and in Figure 3). REMIND is calibrated so that the output matches exogenous GDP projections subject to exogenous labor and final energy demand projections through an adjustment of labor productivity and energy efficiency parameters. Energy efficiencies are time, region and energy-type specific, labor productivity is time and region-specific.