MATCGE: Difference between revisions

Revision as of 10:57, 19 May 2023

General Scope and Connection with Climate Mitigation

Introduction

We introduce a CGE model that endogenously includes physical flows subject to material balance constraints. We propose a new framework that more accurately describes the interaction between transaction values and material flows, and thereby becomes particularly relevant for the ex ante analysis of CE policies and autonomous developments.

Global economic/material model

The model structure is very generic and has the following structure: firms producing goods Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle i \in I} , factors of production Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle f \in F} , and households and institutions Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle h \in H} . We have the following variables: Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Y_I} for output by firms (which equals sales and total production costs), where we may omit the subscript Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle I} for convenience as we do not use the symbol Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle Y} for other agents. Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle X_{J,I}} for intermediates from firms Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle J} to firms Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle I} , using the symbol Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle J} equivalently (alias) to Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle I} . Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle L_{F,I}} is factor use by firms, and Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle \Omega_{F,H}} is supply by consumers. Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle C_{I,H}} is consumption by households, respectively. Failed to parse (SVG (MathML can be enabled via browser plugin): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle T_{R/W}} is taxes on resource use or waste generation.

Model Scope

Add the scope of the model. Geographical, Time, Decision, Sectors, Materials, Products.

Model Development

Status:
Environment:
Documentation:
Source code:

Circular Economy Features

This section provide the CE features of the model

R Words coverage and implemented in the model

CE strategies and connection with climate change mitigation.

Synergies and trade-off between the R word in the context of the stylized model

Insights for Analytical Framework

This section should highlight the features relevant for the CIRCOMOD analytical framework. They should be linked with the previous section which provide more details.

Key mechanisms and interactions within CE strategies that lead to changes in GHG emissions.
Tool exploration (demonstrating ideas before implementing them in large-scale quantitative models)
Communication key CE dynamics (to the broader audience)

Refinement, Integration, Future Development

The following sections are optional and should be completed only if they are relevant.

Refinement process

Please describe how the stylized model will be improved/refined in the CIRCOMOD project.

Integration

Highlight the features to be integrated in larger model in the CIRCOMOD project.

Future features of the model

Not yet implemented, planned model developments, if any.

@@ Line 5: / Line 5: @@
 We introduce a CGE model that endogenously includes physical flows subject to material balance constraints. We propose a new framework that more accurately describes the interaction between transaction values and material flows, and thereby becomes particularly relevant for the ex ante analysis of CE policies and autonomous developments.
 [[File:Global economic-material model.jpg|thumb|Global economic/material model]]
-The model structure is very generic and has the following structure: firms producing goods <math>i \in I</math>, factors of production $f \in F$, and households and institutions $h \in H$. We have the following variables: $Y_I$ for output by firms (which equals sales and total production costs), where we may omit the subscript $I$ for convenience as we do not use the symbol $Y$ for other agents. $X_{J,I}$ for intermediates from firms $J$ to firms $I$, using the symbol $J$ equivalently (alias) to $I$. $L_{F,I}$ is factor use by firms, and $\Omega_{F,H}$ is supply by consumers. $C_{I,H}$ is consumption by households, respectively. $T_{R/W}$ is taxes on resource use or waste generation.
+The model structure is very generic and has the following structure: firms producing goods <math>i \in I</math>, factors of production <math>f \in F</math>, and households and institutions <math>h \in H</math>. We have the following variables: <math>Y_I</math> for output by firms (which equals sales and total production costs), where we may omit the subscript <math>I</math> for convenience as we do not use the symbol <math>Y</math> for other agents. <math>X_{J,I}</math> for intermediates from firms <math>J</math> to firms <math>I</math>, using the symbol <math>J</math> equivalently (alias) to <math>I</math>. <math>L_{F,I}</math> is factor use by firms, and <math>\Omega_{F,H}</math> is supply by consumers. <math>C_{I,H}</math> is consumption by households, respectively. <math>T_{R/W}</math> is taxes on resource use or waste generation.
 === Model Scope ===