This study assesses macroeconomic and sectoral impacts of demographic changes in the Czech Republic as a result population ageing international migration. To do so, it develops unique dynamic Overlapping Generations Computable General Equilibrium (OLG–CGE) model with detailed representation individuals different ages, educational attainment occupations, well interrelations among industrial sect...

The rapid development of offshore wind farms (OWFs) has stimulated debate about its overall socioeconomic impacts. Expanding the scale OWFs increases availability and affordability electricity but could displace existing fishing activities reduce food supply. To evaluate these impacts from a macroeconomic perspective, computable general equilibrium (CGE) model is developed, using Scotland as ca...

Linking the EU and Chinese Emission Trading Systems (ETS) increases cost-efficiency of reaching greenhouse gas mitigation targets, but both partners will benefit – if at all to different degrees. Using global computable-general equilibrium (CGE) model DART Kiel, we evaluate effects linking ETS in combination with 1) restricted allowances trading, 2) adjusted allowance endowments compensate Chin...

Abstract In response to rapidly growing energy demands, Chinese authorities plan invest more in hydropower development. However, there are concerns about the possible effects on macroeconomy. This paper uses SinoTERM, a dynamic multi-regional computable general equilibrium model (CGE) of economy, analyze economic impact large development projects. The features regional labor market dynamics and...

Abstract Transportation is one of the main contributors to greenhouse gas emissions. Climate regulations on transportation are often a mix sector-specific and economy-wide measures (such as emission pricing). In this paper we consider how different partly overlapping climate interact what effects economic welfare, abatement costs emissions? Our focus Norway, nation where high taxation conventio...

Climate change is one of the most important issues affecting different economic sectors. Although this phenomenon has had a larger effect on the agricultural sector due to the heavy dependence of agriculture on weather conditions as compared to the other economic sectors, other economic sectors such as the industry, mining and service sectors are also influenced by weather changes due to their ...

Policy models such as Input-Output (IO) or Computable General Equilibrium (CGE) are deterministic, with exogenous final demand shocks producing point estimates of local impacts. Confidence intervals around these point estimates, while desirable, are not readily available. Yet such predictions often have an underlying stochastic element, which can be derived from the underlying statistical model...