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3.1. Short and medium-term modeling and problems of models linkage

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  • Capros, P.
  • Karadeloglou, P.
  • Mentzas, G.
  • Samouilidis, J.-E.

Abstract

In this paper we present the main theoretical and empirical issues encountered in the construction of a short/medium-term energy-economy linked system of models, namely the Hermes-Midas system. The paper focuses on the problems of model linkage and proposes a methodology. The Hermes-Midas Linked System covers all aspects of energy-economy simulation and policy analysis for European countries.

Suggested Citation

  • Capros, P. & Karadeloglou, P. & Mentzas, G. & Samouilidis, J.-E., 1990. "3.1. Short and medium-term modeling and problems of models linkage," Energy, Elsevier, vol. 15(3), pages 301-324.
    • Handle: RePEc:eee:energy:v:15:y:1990:i:3:p:301-324
    DOI: 10.1016/0360-5442(90)90092-G
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    References listed on IDEAS

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    1. John P. Weyant, 1985. "General Economic Equilibrium as a Unifying Concept in Energy-Economic Modeling," Management Science, INFORMS, vol. 31(5), pages 548-563, May.
    2. Carpos, P. & Karadeloglou, P. & Mentzas, G. N., 1989. "Energy policy extensions of KLE based macroeconomic models," Journal of Policy Modeling, Elsevier, vol. 11(4), pages 507-530.
    3. Capros, Pantelis & Samouilidis, Emmanuel, 1988. "Energy policy analysis," Energy Policy, Elsevier, vol. 16(1), pages 36-48, February.
    4. Ando, Albert K, et al, 1974. "On the Role of Expectations of Price and Technological Change in an Investment Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(2), pages 384-414, June.
    5. Eckstein, Otto & Green, Edward W & Sinai, Allen, 1974. "The Data Resources Model: Uses, Structure, and Analysis of the U.S. Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(3), pages 595-615, October.
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    Cited by:

    1. Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
    2. Wietschel, M. & Fichtner, W. & Rentz, O., 1997. "Integration of price-depending demand reactions in an optimising energy emission model for the development of CO2-mitigation strategies," European Journal of Operational Research, Elsevier, vol. 102(3), pages 432-444, November.

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