Economic activity - REMIND-MAgPIE

Note: The documentation of REMIND-MAgPIE is and is not yet 'published'!

Model Documentation - REMIND-MAgPIE
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GCAM GEM-E3 GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS TIAM-UCL WITCH WITNESS
Previous versions
Archive of REMIND-MAgPIE version 1.7
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.