A global approach to energy and the environment: The G-cubed model

Warwick J. McKibbin, Peter Wilcoxen

Research output: Chapter in Book/Report/Conference proceedingConference contribution

20 Scopus citations

Abstract

G-Cubed is a multi-country, multi-sector, intertemporal general equilibrium model that has been used to study a variety of policies in the areas of environmental regulation, tax reform, monetary and fiscal policy, and international trade. It is designed to bridge the gaps between three areas of research e econometric general equilibrium modeling, international trade theory, and modern macroeconomics e by incorporating the best features of each. This chapter describes the theoretical and empirical structure of the model, summarizes its applications and contributions to the literature, and discusses two example applications in detail.

Original languageEnglish (US)
Title of host publicationHandbook of Computable General Equilibrium Modeling SET, Vols. 1A and 1B, 2013
PublisherElsevier
Pages995-1068
Number of pages74
Volume1
ISBN (Print)9780444595683
DOIs
StatePublished - 2013

Publication series

NameHandbook of Computable General Equilibrium Modeling
Volume1
ISSN (Print)22116885

Keywords

  • Climate policy
  • Demographic change
  • Energy policy
  • Environmental policy
  • Financial crises
  • International finance
  • International trade
  • Intertemporal modeling
  • Monetary and fiscal policy
  • Pandemics
  • Tax policy
  • Trade agreements
  • Trade liberalization

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Modeling and Simulation
  • Computer Science Applications

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