Macro-economy - POLES: Difference between revisions
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|DocumentationCategory=Macro-economy | |DocumentationCategory=Macro-economy | ||
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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"> | |||
[[File:36405548.png|none|400px|thumb|<caption>Share of value-added as a function of GDP per capita</caption>]] | |||
[[ | </figure> | ||
Latest revision as of 15:37, 22 December 2016
Corresponding documentation | |
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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">
</figure>