Model Documentation - IMACLIM
| Corresponding documentation | |
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| Previous versions | |
| Model information | |
| Model link | |
| Institution | Centre international de recherche sur l'environnement et le développement (CIRED), France, http://www.centre-cired.fr., Societe de Mathematiques Appliquees et de Sciences Humaines (SMASH), France, http://www.smash.fr. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | SimulationImaclim-R is implemented in Scilab, and uses the fonction fsolve from a shared C++ library to solve the static equilibrium system of non-linear equations. |
| Anticipation | Recursive dynamics: each year the equilibrium is solved (system of non-linear equations), in between two years parameters to the equilibrium evolve according to specified functions. |
The IMACLIM-R model used in this exercise is a hybrid dynamic general equilibrium model of the world economy that covers the period 2001–2100 in yearly steps through the recursive iteration of annual static equilibria and dynamic modules . The annual static equilibrium determines the relative prices, wages, labour, value, physical flows, capacity utilization, profit rates, and savings at a year t as a result of short-term equilibrium conditions between demand and supply of goods, capital, and labour markets. The dynamic modules are sector-specific reduced forms of technology-rich models, which take the static equilibria at a year t as an input, assess the reaction of technical systems to the economic signals, and send new input–output coefficients back to the static model to allow computation of the equilibrium for year t + 1. Waisman et al., (2012)waisman2012th describe the architecture of the IMACLIM-R model in more detail.