Macroeconomic Modelling of the Global Economy-Energy-Environment Nexus - An Overview of Recent Advancements of the Dynamic Simulation Model GINFORS

摘要: GINFORS (Global INterindustry FORecasting System) represents a state–of–the–art tool for integrated quantitative policy assessments of long run economic developments and associated pressures on the environment. Its empirical modelling framework rests national input–output accounts which are bilaterally interconnected by international trade at industry level. Assuming bounded rationality agents imperfect markets, an iterative solution algorithm facilitates ex ante simulation studies non-equilibrium features globalizing economies. From methodological point view, might thus be categorised as dynamic econometric model. However, its powerful capabilities also provide extensive insights into broader economy–energy–environment nexus (see, i.a., http://cecilia2050.eu/ or www.topdad.eu/ ongoing FP7 research work with references to climate change transformation low carbon economy well adaptation issues). The approach relies heavily availability harmonised Input–Output datasets (preferably annual time series). As May 2012 release publicly available World Input Output Database (WIOD, see http://www.wiod.org/) outstanding advancements in this regard, we decided incorporate WIOD database. This paper highlights selected issues these most recent maintenance works. Given our personal experience intend illustrate significance database but stimulate discussion linkages underlying United Nations data set sequence balancing items, second core within System National Accounts (SNA), from viewpoint applied research.