Macro-economy - POLES

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Model Documentation - POLES

    Corresponding documentation
    Previous versions
    Model information
    Model link
    Institution JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/.
    Solution concept Partial equilibrium (price elastic demand)
    Solution method SimulationRecursive simulation
    Anticipation Myopic

    The key marco-economic assumptions are derived from population and GDP.

    Starting from historical data, which capture local specificities, sectoral economic activity variables are calculated:

    • sectoral value added: depend on the level of development of the country/region, given by GDP per capita (industrialization phase followed by service-based economy);
    • industrial physical production: depend on demand, which itself depends on the level of development;
    • mobility (for passengers and for goods): depend on the cost of transport compared to income, and is declined in equipment rates and degree of utilisation of this equipment;
    • buildings surfaces: depend on households size (occupancy per dwelling) and surface per dwelling, both depending on personal income.

    <figure id="fig:POLES_4">

    Share of value-added as a function of GDP per capita

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