Linking global CGE models with sectoral models to generate baseline scenarios: Approaches, opportunities and pitfalls

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published 90666 2 262401 document 90666 lightbox.jpg image/png e05147fc4d9374de86ca64e0cd116b17 MD5 46083 2020-07-02 09:44:30 https://pure.iiasa.ac.at/id/eprint/16536/2/lightbox.jpg 16536 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/90659 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/90659 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/90659 archive 353 disk0/00/01/65/36 2020-07-02 09:36:21 2021-08-27 17:33:11 2020-07-02 09:36:21 article show Delzeit R. Beach R. Bibas R. Britz W. Chateau J. Freund F. Lefevre J. Schuenemann F. Sulser T. Valin H. 1923 0000-0002-0618-773X van Ruijven B. 92197 0000-0003-1232-5892 Weitzel M. Willenbockel D. Wojtowicz K. Linking global CGE models with sectoral models to generate baseline scenarios: Approaches, opportunities and pitfalls pub prog_ene prog_esm Computable general equilibrium models; Model linking baseline scenario; Partial equilibrium model 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. 2020 published Center for Global Trade Analysis 10.21642/JGEA.050105AF 316 3102 public Journal of Global Economic Analysis 5 1 162-195 TRUE 2377-2999 FALSE no info:eu-repo/semantics/article