Article ID Journal Published Year Pages File Type
5055414 Economic Modelling 2011 10 Pages PDF
Abstract
► Energy may enter a nested CGE model production function in different ways. ► We examine the impacts of alternative specifications for a simple demand shock. ► The CGE model results are sensitive to how energy enters the production function. ► Sensitivity arises when relative prices change and/or elasticities vary across the production function.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
, , ,