Population - EPPA: Difference between revisions

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Population is an exogenous input for EPPA. It enters the model in just two forms: total population and working age population. While the welfare measuring is based on total population, the working age population is used for air pollution health effects calculation that affects the available labor input. The exogenous labor input affects the dynamics of other macroeconomic production factors (capital, energy) since the model seeks an optimal allocation of production factors. {{ModelDocumentationTemplate
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Revision as of 14:35, 13 May 2020

Population is an exogenous input for EPPA. It enters the model in just two forms: total population and working age population. While the welfare measuring is based on total population, the working age population is used for air pollution health effects calculation that affects the available labor input. The exogenous labor input affects the dynamics of other macroeconomic production factors (capital, energy) since the model seeks an optimal allocation of production factors.

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Model Documentation - EPPA

Corresponding documentation
Previous versions
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Model information
Model link
Institution Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/.
Solution concept General equilibrium (closed economy)
Solution method Optimization
Anticipation