Linking energy system and macroeconomic growth models

作者: Nico Bauer , Ottmar Edenhofer , Socrates Kypreos

DOI: 10.1007/S10287-007-0042-3

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摘要: We compare two alternative approaches for coupling macroeconomic growth models (MGM) and energy system (ESM). The hard-link approach integrates the techno-economics of ESM completely into MGM solves one highly complex optimisation problem. soft-link leaves separate supply functions are integrated that derived from optimal solution ESM. relate price computed with to quantity MGM. An iterative process exchanges price-quantity information between models. Hence, leads an market equilibrium. But do not consider variable interest rates influence functions. This is due fact ESMs partial assume exogenous rate; however rate endogenously in MGMs. missing interaction a capital dis-equilibrium compared inducing mis-allocation investments. Extending by also considering time does improve results. Though computational complexity greater assures simultaneous

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