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CGE model PLACE

Author

Listed:
  • Antoszewski, Michal

    (Ministry of Finance)

  • Boratynski, Jakub

    (Ministry of Finance)

  • Zachlod-Jelec, Magdalena

    (Ministry of Finance)

  • Wojtowicz, Krzysztof

    (Ministry of Economy)

  • Cygler, Maciej

    (National Centre for Emissions Management)

  • Jeszke, Robert

    (National Centre for Emissions Management)

  • Pyrka, Maciej

    (National Centre for Emissions Management)

  • Sikora, Przemyslaw

    (National Centre for Emissions Management)

  • Bohringer, Christoph

    (World Bank)

  • Gaska, Jan

    (World Bank)

  • Jorgenson, Erika

    (World Bank)

  • Kasek, Leszek

    (World Bank)

  • Kiuila, Olga

    (World Bank)

  • Malarski, Ryszard

    (World Bank)

  • Rabiega, Wojciech

    (World Bank)

Abstract

PLACE is a static multi-region, multi-sector computable general equilibrium (CGE) model designed to assess the economic impact of energy and climate policies. Policies are typically analyzed using a comparative static approach, in which a situation with policy interference is compared to a situation without policy interference (often termed "baseline" or "business-as-usual"). Based on general equilibrium theory, PLACE incorporates micro-economic mechanisms within a comprehensive macro-economic framework, which distinguishes it from other large-scale economic models such as multivariate econometric models and input output analysis. The particular strengths of the CGE approach is the scope for quantifying distributional impacts of policies and the ability to reflect complex sectoral adjustments. This document constitutes technical documentation of the PLACE model and aims to present the underlying algebra and data sources that were used at different stages during the model's development.

Suggested Citation

  • Antoszewski, Michal & Boratynski, Jakub & Zachlod-Jelec, Magdalena & Wojtowicz, Krzysztof & Cygler, Maciej & Jeszke, Robert & Pyrka, Maciej & Sikora, Przemyslaw & Bohringer, Christoph & Gaska, Jan & J, 2015. "CGE model PLACE," MF Working Papers 24, Ministry of Finance in Poland.
    • Handle: RePEc:ris:mfplwp:0024
    as

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    File URL: https://www.gov.pl/documents/1079560/1080340/MF_WP_No_22-2015.pdf/a3754174-e156-57f9-a382-f612965404be
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    References listed on IDEAS

    as
    1. Alpo Willman & Miguel A. León-Ledesma & Peter McAdam, 2012. "Explaining the Skill Premium: Technical Change or Capita-Skill Complements?," EcoMod2012 4356, EcoMod.
    2. Németh, Gabriella & Szabó, László & Ciscar, Juan-Carlos, 2011. "Estimation of Armington elasticities in a CGE economy-energy-environment model for Europe," Economic Modelling, Elsevier, vol. 28(4), pages 1993-1999, July.
    3. Mendoza, Enrique G & Tesar, Linda L, 1998. "The International Ramifications of Tax Reforms: Supply-Side Economics in a Global Economy," American Economic Review, American Economic Association, vol. 88(1), pages 226-245, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Michal Antoszewski & Krzysztof Wójtowicz, 2016. "Allocation rules of free allowances in the EU ETS system. A CGE analysis," EcoMod2016 9444, EcoMod.
    2. Jan Gadomski, 2016. "Assessment of the Impact of the Reduction of the Gaseous Emissions on Growth in Poland. Assumptions and Preliminary Results," FindEcon Chapters: Forecasting Financial Markets and Economic Decision-Making, in: Magdalena Osińska (ed.), Statistical Review, vol. 63, 2016, 3, edition 1, volume 63, chapter 2, pages 273-288, University of Lodz.

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    More about this item

    Keywords

    computable general equilibrium model; emissions; GTAP; baseline scenario;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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