Working Papers, Konjunkturinstitutet - National Institute of Economic Research
The EMEC model: Version 2.0
() and Charlotte Berg
Abstract: The present paper introduces a new version of an applied
general equilibrium model of the Swedish economy: Environmental Medium Term
Economic Model (EMEC). The model is used at NIER for analysing economic
implications for households and firms of the Swedish environmental policy.
The economy and the environment interact in the model and thus, we can
analyse the economic implica-tions of various environmental policy
measures, such as a CO2-tax, a CO2-ceiling and CO2-trading. The model
captures also ancillary benefits of climate policy for NOx, SO2, PM10 and
PM20. This new version of EMEC, in addition, analyses the effects of road
user charges and the economic impact of environmental policy measures on
six types of households, as transport demand is represented in a much more
detail and as households are distributed, by disposal income and residence.
Furthermore, the model distinguishes 26 industries, 33 composite
commodities, 26 consumer goods, two kinds of labour and eight pollutants.
The model produces results for endogenous variables, which can be
interpreted fully in terms of the model’s theory, data and the assumptions
underlying the exogenous variables.
Keywords: CGE-model; Sectors; Pollutants; Factors of production; Substitution; Sweden; (follow links to similar papers)
45 pages, November 1, 2006
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