ECIO Model Operators Guide

Randall Jackson () and Péter Járosi ()
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Péter Járosi: Regional Research Institute, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: The National Energy Technology Laboratory (NETL)/ West Virginia University (WVU) Econometric Input-Output (ECIO) model is a time-series enabled hybrid econometric input-output (IO) model that combines the capabilities of econometric modeling with the strengths of IO modeling. The model was developed and designed specifically for estimating the income and employment impacts of the development and deployment of new energy technologies over a given forecast period. The ECIO model consists of a macroeconomic econometric model of the United States (U.S.) national economy and an inter-industry model that reflects the interdependence of all the industries in the economy. These two components have three modules and several sub-modules of interrelated equations for the U.S. economy, with employment and income detail for 32 industrial sectors. This document is designed to escort a user with little computing or programing experience through the processes of setting up the ECIO model application to run on a personal computer (PC). The document will guide user through the various stages of the ECIO model with screenshots and instructions. Using this guide and standardized input data files (in .csv format) that are generated by the NETL NEMS-ECIO Translation Tool, users should be able run the model to generate estimates of deployment scenario impacts.

Keywords: energy; forecasting; technological change (search for similar items in EconPapers)
JEL-codes: E17 O33 Q43 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2018-03-27
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2018rd01

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