Econometric general equilibrium modeling

摘要: Abstract The point of departure for the study impact energy and environmental policies is neo-classical theory economic growth formulated by Cass (1965) Koopmans (1967). long-run properties models are independent policies. However, these affect capital accumulation rates productivity that determine intermediate-run trends important policy evaluation. Heterogeneity different producers consumers critical implementation To capture this heterogeneity it necessary to distinguish among commodities, industries, households. Econometric methods essential summarizing information on industries consumer groups in a form suitable general equilibrium modeling. In paper we consider application econometric modeling U.S., economy has been studied most intensively. framework our analysis provided Intertemporal General Equilibrium Model (IGEM) introduced Jorgenson Wilcoxen (1990). new version IGEM presented employed evaluation proposed legislation climate U.S. Environmental Protection Agency (2011).