Economic activity - POLES

Model Documentation - POLES
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GCAM GEM-E3 GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS REMIND-MAgPIE TIAM-UCL WITCH WITNESS
Previous versions
Archive of POLES version ADVANCE
Model information
Model link	http://ec.europa.eu/jrc/en/poles https://ec.europa.eu/jrc/en/publication/poles-jrc-model-documentation-0
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

GDP

GDP is exogenous and is derived from various international sources. Latest work used GDP assumptions from:

• latest IMF forecasts (for the short run)
• OECD, MIT and CEPII forecasts (for the longer run)

Consistency with population is checked.

An on-going work will allow to connect POLES to the macro-econometric model MAGE (CEPII institute / JRC) through an energy factor in the production function that will link dynamically GDP, energy intensity and energy prices.

All other economic activities variables (value added, mobility, surfaces, ...) are endogenously calculated in POLES.