Socio-economic drivers - GEM-E3: Difference between revisions

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The main drivers of growth in the GEM-E3 model are:
- Population growth
- Technical progress
- Capital accumulation
In the GEM-E3 model total population and active population growth rates are set exogensously. The model computes endogenously unemployment rates for skilled and unskilled labour. 
Technical progress can be exogenous or endogenous based on learning by doing, learning by research functions.
Investment decisions by firms are endogenous and are based on Tobins Q.

Revision as of 17:39, 21 October 2016

Model Documentation - GEM-E3

Corresponding documentation
Previous versions
Model information
Model link
Institution Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.
Solution concept General equilibrium (closed economy)
Solution method Optimization
Anticipation

The main drivers of growth in the GEM-E3 model are: - Population growth - Technical progress - Capital accumulation

In the GEM-E3 model total population and active population growth rates are set exogensously. The model computes endogenously unemployment rates for skilled and unskilled labour. Technical progress can be exogenous or endogenous based on learning by doing, learning by research functions. Investment decisions by firms are endogenous and are based on Tobins Q.

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