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The IMACLIM-R model used in this exercise is a hybrid dynamic general equilibrium model of the world economy that covers the period 2001–2100 in yearly steps through the recursive iteration of annual static equilibria and dynamic modules. The annual static equilibrium determines the relative prices, wages, labour, value, physical flows, capacity utilization, profit rates, and savings at a year t as a result of short-term equilibrium conditions between demand and supply of goods, capital, and labour markets. The dynamic modules are sector-specific reduced forms of technology-rich models, which take the static equilibria at a year ''t'' as an input, assess the reaction of technical systems to the economic signals, and send new input–output coefficients back to the static model to allow computation of the equilibrium for year ''t + 1''.
The IMACLIM-R model is a hybrid dynamic general equilibrium model of the world economy that covers the period 2001–2100 in yearly steps through the recursive iteration of annual static equilibria and dynamic modules. The annual static equilibrium determines the relative prices, wages, labour, value, physical flows, capacity utilization, profit rates, and savings at a year t as a result of short-term equilibrium conditions between demand and supply of goods, capital, and labour markets. The dynamic modules are sector-specific reduced forms of technology-rich models, which take the static equilibria at a year ''t'' as an input, assess the reaction of technical systems to the economic signals, and send new input–output coefficients back to the static model to allow computation of the equilibrium for year ''t + 1''. IMACLIM-R is part of the IMACLIM suite of models, further information on which is available on the [http://www.imaclim.centre-cired.fr/Imaclim IMACLIM] homepage.

Latest revision as of 17:51, 14 December 2016

Model Documentation - IMACLIM

Corresponding documentation
Previous versions
Model information
Model link
Institution Centre international de recherche sur l'environnement et le développement (CIRED), France, http://www.centre-cired.fr., Societe de Mathematiques Appliquees et de Sciences Humaines (SMASH), France, http://www.smash.fr.
Solution concept General equilibrium (closed economy)
Solution method SimulationImaclim-R is implemented in Scilab, and uses the fonction fsolve from a shared C++ library to solve the static equilibrium system of non-linear equations.
Anticipation Recursive dynamics: each year the equilibrium is solved (system of non-linear equations), in between two years parameters to the equilibrium evolve according to specified functions.

The IMACLIM-R model is a hybrid dynamic general equilibrium model of the world economy that covers the period 2001–2100 in yearly steps through the recursive iteration of annual static equilibria and dynamic modules. The annual static equilibrium determines the relative prices, wages, labour, value, physical flows, capacity utilization, profit rates, and savings at a year t as a result of short-term equilibrium conditions between demand and supply of goods, capital, and labour markets. The dynamic modules are sector-specific reduced forms of technology-rich models, which take the static equilibria at a year t as an input, assess the reaction of technical systems to the economic signals, and send new input–output coefficients back to the static model to allow computation of the equilibrium for year t + 1. IMACLIM-R is part of the IMACLIM suite of models, further information on which is available on the IMACLIM homepage.

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