CGE model PLACE

Michal Antoszewski, Jakub Boratynski, Magdalena Zachłod-Jelec (), Krzysztof Wojtowicz (), Maciej Cygler, Robert Jeszke, Maciej Pyrka, Przemyslaw Sikora, Christoph Bohringer, Jan Gaska, Erika Jorgenson, Leszek Kasek, Olga Kiuila, Ryszard Malarski and Wojciech Rabiega
Additional contact information
Jakub Boratynski: Ministry of Finance
Maciej Cygler: National Centre for Emissions Management
Robert Jeszke: National Centre for Emissions Management
Maciej Pyrka: National Centre for Emissions Management
Christoph Bohringer: World Bank
Erika Jorgenson: World Bank
Leszek Kasek: World Bank
Ryszard Malarski: World Bank
Wojciech Rabiega: World Bank

No 24, MF Working Papers from Ministry of Finance in Poland

Abstract: PLACE is a static multi-region, multi-sector computable general equilibrium (CGE) model designed to assess the economic impact of energy and climate policies. Policies are typically analyzed using a comparative static approach, in which a situation with policy interference is compared to a situation without policy interference (often termed "baseline" or "business-as-usual"). Based on general equilibrium theory, PLACE incorporates micro-economic mechanisms within a comprehensive macro-economic framework, which distinguishes it from other large-scale economic models such as multivariate econometric models and input output analysis. The particular strengths of the CGE approach is the scope for quantifying distributional impacts of policies and the ability to reflect complex sectoral adjustments. This document constitutes technical documentation of the PLACE model and aims to present the underlying algebra and data sources that were used at different stages during the model's development.

Keywords: computable general equilibrium model; emissions; GTAP; baseline scenario (search for similar items in EconPapers)
JEL-codes: C68 D58 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2015-12-11
New Economics Papers: this item is included in nep-cmp and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:mfplwp:0024

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