Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/156303
Authors: 
Meyer, Bernd
Ahlert, Gerd
Year of Publication: 
2016
Series/Report no.: 
GWS Discussion Paper 2016/09
Abstract: 
Computable General Equilibrium Models and Macro-Econometric Models are deeply disaggregated macro-economic systems, which are used in economic environmental studies to explain the emissions of pollutions and the extraction of resources. CGE models are based on neoclassical theory depicting equilibrium of perfectly competitive markets, whereas the macro-econometric models – better characterized as neokeynesian – have been developed from a critical position vis-a-vis neoclassical theory stressing the importance of market imperfections. The paper at hand shows that this fundamental difference in approach to a large extent is responsible for differences in modelling results concerning the impact of policy instruments on the economy, social relations and the environment. Furthermore the outcome of concrete model applications is affected by differences in both the construction of the references and the concrete implementation of the policy instruments in the models.
Subjects: 
Integrated Assessment Modelling
CGE models
Macro-Econometric Models
Neoclassical Theory
Neokeynesian Theory
JEL: 
E12
E13
E17
E27
F62
Q01
Q56
Document Type: 
Working Paper

Files in This Item:
File
Size
147.37 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.