A long - term macroeconomic equilibrium model for the European CommunityPublisher: Laxenburg: International Institute for Applied Systems Analysis, 1982Description: 83 p. cuadros.Subject(s): Macro | Energía | Planificación | Programas para ComputadorDDC classification: 005.7
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This report presents a version of MACRO calibrated for the European Community - EC, focusing on model structure, model validation and testing, and four applications to the EC region over a fifty-year planning period. The applications, based on a range of energy supply scenarios, examine such economic questions as the impact of rising energy costs on economic activity, the feasibility of common assumptions about price - induced conservation, and the impact of continued high levels of energy imports on the trade balance...