EconPapers    
Economics at your fingertips  
 

Linking Global CGE Models with Sectoral Models to Generate Baseline Scenarios: Approaches, Challenges, and Opportunities

Ruth Delzeit, Robert Beach (), Ruben Bibas, Wolfgang Britz, Jean Chateau, Florian Freund, Julien Lefèvre (), Franziska Schuenemann, Timothy Sulser (), Hugo Valin, Bas van Ruijven (), Matthias Weitzel (), Dirk Willenbockel () and Krzysztof Wojtowicz

Journal of Global Economic Analysis, 2020, vol. 5, issue 1, 162-195

Abstract: When modelling medium and long-term challenges we need a reference path of economic development (the so-called baseline). Because sectoral models often offer a more fundamental understanding of future developments for specific sectors, many CGE modeling teams have adopted different kinds of linking approaches to sectoral models to generate baselines. We systematically compare and discuss approaches of linking CGE models for the baseline calibration procedure, and discuss best practices and pitfalls. We identify different types of linking approaches which we divide into a) links with partial equilibrium models, and b) links with non-economic models. These two types of linking approaches are then analyzed with respect to e.g. the degree of linkage, information exchanged, as well as compromises in aggregations and definitions. Based on this, we discuss potential drawbacks and conclude with suggestions for best practices and research recommendations.

Keywords: Computable general equilibrium models; Model linking baseline scenario; Partial equilibrium model (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://jgea.org/resources/jgea/ojs/index.php/jgea/article/view/93/105 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gta:jnlgea:v:5:y:2020:i:1:p:162-195

DOI: 10.21642/JGEA.050105AF

Access Statistics for this article

More articles in Journal of Global Economic Analysis from Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University Contact information at EDIRC.
Bibliographic data for series maintained by Jeremy Douglas ().

 
Page updated 2020-09-18
Handle: RePEc:gta:jnlgea:v:5:y:2020:i:1:p:162-195