Economic activity - EPPA
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The social-economic drivers of EPPA also include a set of variables solved endogenously by the model, which consist of savings, investment, resource depletion, and the evolution of technology specific factor (a.k.a. fixed factor) for each backstop technology.
2) a set of factors determined by the model dynamics, which encompass savings, investment, fossil fuel resource depletion, and the evolution of technology specific factor for each backstop technology. While the Hick’s neutral productivity levels are held constant across scenarios, changes in prices and model dynamics will determine levels of variables such as resource allocations, sectoral outputs and GDP.
Corresponding documentation | |
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Previous versions | |
No previous version available | |
Model information | |
Model link | |
Institution | Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/. |
Solution concept | General equilibrium (closed economy) |
Solution method | Optimization |
Anticipation |