Economic activity - WITCH
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Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
Institution | European Institute on Economics and the Environment (RFF-CMCC EIEE), Italy, http://www.eiee.org. |
Solution concept | General equilibrium (closed economy) |
Solution method | Optimization |
Anticipation |
We calibrate Total Factor Productivity (TFP) to match the SSP baseline GDp projections in a no policy scenarios. In all other scenarios TFP is held constant and GDP reacts endogenously.