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ECIO Model Operators Guide

Author

Listed:
  • Randall W. Jackson

    (Regional Research Institute, West Virginia University)

  • Péter Járosi

    (Regional Research Institute, West Virginia University)

Abstract

The National Energy Technology Laboratory (NETL)/ West Virginia University (WVU) Econometric Input-Output (ECIO) model is a time-series enabled hybrid econometric input-output (IO) model that combines the capabilities of econometric modeling with the strengths of IO modeling. The model was developed and designed specifically for estimating the income and employment impacts of the development and deployment of new energy technologies over a given forecast period. The ECIO model consists of a macroeconomic econometric model of the United States (U.S.) national economy and an inter-industry model that reflects the interdependence of all the industries in the economy. These two components have three modules and several sub-modules of interrelated equations for the U.S. economy, with employment and income detail for 32 industrial sectors. This document is designed to escort a user with little computing or programing experience through the processes of setting up the ECIO model application to run on a personal computer (PC). The document will guide user through the various stages of the ECIO model with screenshots and instructions. Using this guide and standardized input data files (in .csv format) that are generated by the NETL NEMS-ECIO Translation Tool, users should be able run the model to generate estimates of deployment scenario impacts.

Suggested Citation

  • Randall W. Jackson & Péter Járosi, 2018. "ECIO Model Operators Guide," Working Papers Resource Document 2018-01, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2018rd01
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    File URL: https://researchrepository.wvu.edu/rri_res_docs/5/
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    More about this item

    Keywords

    energy; forecasting; technological change;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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