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Assessing energy and economic impacts of large-scale policy shocks based on Input-Output analysis: Application to Brexit

Author

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  • Rocco, Matteo V.
  • Guevara, Zeus
  • Heun, Matthew Kuperus

Abstract

The assessment of the prospective, economy-wide, economic and environmental impact of large-scale policy shocks is currently performed via general equilibrium models, relying on background input–output data usually characterized by a very aggregated definition of the energy conversion chain. Thus, such models are not always able to properly assess the impact of policy shocks on the energy conversion chain. On the other hand, empirical models based on physical data provide a detailed picture of the energy conversion chain but are unable to comprehensively address energy-economy interactions.

Suggested Citation

  • Rocco, Matteo V. & Guevara, Zeus & Heun, Matthew Kuperus, 2020. "Assessing energy and economic impacts of large-scale policy shocks based on Input-Output analysis: Application to Brexit," Applied Energy, Elsevier, vol. 274(C).
    • Handle: RePEc:eee:appene:v:274:y:2020:i:c:s0306261920308126
    DOI: 10.1016/j.apenergy.2020.115300
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    2. Bazzana, Davide & Cohen, Jed J. & Golinucci, Nicolò & Hafner, Manfred & Noussan, Michel & Reichl, Johannes & Rocco, Matteo Vincenzo & Sciullo, Alessandro & Vergalli, Sergio, 2022. "A multi-disciplinary approach to estimate the medium-term impact of COVID-19 on transport and energy: A case study for Italy," Energy, Elsevier, vol. 238(PC).
    3. Aramendia, Emmanuel & Heun, Matthew K. & Brockway, Paul E. & Taylor, Peter G., 2022. "Developing a Multi-Regional Physical Supply Use Table framework to improve the accuracy and reliability of energy analysis," Applied Energy, Elsevier, vol. 310(C).
    4. Wang, Kai-Hua & Wen, Cui-Ping & Long, Hai & Moldovan, Nicoleta-Claudia, 2024. "Towards sustainable development: Exploring the spillover effects of green technology innovation on energy markets and economic cycles," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    5. Berlemann, Michael & Eurich, Marina, 2023. "Die außenwirtschaftlichen Verflechtungen Hamburgs," HWWI Studies, Hamburg Institute of International Economics (HWWI), volume 1, number 281797, March.
    6. Guevara, Zeus & Sebastian, Antonio & Carranza Dumon, Fabian, 2022. "Economy-wide impact of conventional development policies in oil-exporting developing countries: The case of Mexico," Energy Policy, Elsevier, vol. 161(C).

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