CGE models in energy economics

Authored by: Ken’ichi Matsumoto , Shinichiro Fujimori

Routledge Handbook of Energy Economics

Print publication date:  September  2019
Online publication date:  September  2019

Print ISBN: 9781138208254
eBook ISBN: 9781315459653
Adobe ISBN:

10.4324/9781315459653-31

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Abstract

A computable general equilibrium (CGE) model is one of the most frequently used types of modeling approach in energy economics, particularly they are powerful tools in analyzing climate change mitigation policy. In this chapter, we briefly describe the features of a CGE modeling approach in general as well as their features in energy economic studies. We then review existing studies on energy economics using CGE models, including those analyzing economic impacts of energy price increases, energy efficiency improvement, and climate policy. We conclude this chapter with the insights for future works of this type of model.

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