GEM E3

Acronym:

GEM E3

Liaise ownership:

no

Description:

The GEM-E3 model was designed to provide details on the macro-economy and its interactions with the environment and the energy system. It is an empirical, large-scale model, representing 20 World regions or 24 European countries, linked through endogenous bilateral trade. It is a general equilibrium model, meaning it computes the equilibrium prices of goods, services, labour, and capital that simultaneously clear all markets.
The model is mainly used for:
• simulating the effects of market-based instruments (such as taxes) for energy-related environmental policy on key economic and environmental indicators;
• evaluating European Commission programmes aimed at promoting sustainable economic growth;
• burden-sharing analysis;
• public finance, stabilisation policies and their implications on trade, growth and the behaviour of economic agents.
GEM-E3 can be used either in the single-country version where the rest of the world is an aggregate of all other countries/regions or the multi-country version where individual countries are linked by endogenous (price dependent) bilateral trade flows or trade pools.

Input variables:

GEM-E3 Europe: Eurostat, GEM-E3 World: GTAP 4 database. Foreign trade data: COMEXT database. Environmental data on emissions have been compiled from European Commission statistics (SIRENE) and from the ExternE project. • household behaviour (8 sets of equations); • firms behaviour (11 sets of equations); • domestic demand and trade flows ( 8 sets of equations); • derived prices (5 sets of equations); • income accounts (4 sets of equations);

Output variables:

• for macro-economic variables (GDP, production, investment, final and intermediate consumption, external trade);
• for production, value added, investment, final and intermediate consumption, exports, imports, relative prices and employment by sector;
• for energy-related variables, such as energy production, final and intermediate energy consumption by category, energy prices, atmospheric emissions.

Contact:

Denise Van Regemorter, denise.vanregemorter@econ.kuleuven.be <br /> <br /> N. Kouvaritakis, kapros@central.ntua.gr <br /> <br /> Juan Carlos Ciscar, juan-carlos.ciscar@ec.europa.eu

Publications and applications

Titel Type of practice Updated date
IA Report: A Roadmap for moving to a competitive low carbon economy in 2050 (2011) Application of a Model or Method 2013-07-27 00:18
IA Report: Communication - An EU Strategy on adaptation to climate change (2013) Application of a Model or Method 2013-07-23 19:10
IA Report: Communication - Energy Roadmap 2050 (2011) Application of a Model or Method 2013-07-27 12:11
IA Report: Communication on limiting Global Climate Change to 2 degrees Celsius Application of a Model or Method 2013-09-03 22:24
IA Report: Communication on Winning the Battle against Global Climate Change Application of a Model or Method 2013-09-05 11:40
IA Report: Determining transitional Union-wide rules for the harmonised free allocation of emission allowances (2011) Application of a Model or Method 2013-07-26 19:32
IA Report: General Union Environment Action Programme to 2020 "Living well, within the limits of our planet" (2012) Application of a Model or Method 2013-07-25 18:26
IA report: Mid-term review on the Sixth Community Environment Action Programme Application of a Model or Method 2013-09-03 22:29
IA Report: Package of Implementation measures for the EU's objectives on climate change and renewable energy for 2020 Application of a Model or Method 2013-09-03 19:42
IA Report: Proposal for a Directive on the promotion of the use of energy from renewable sources Application of a Model or Method 2013-09-03 16:15
IA Report: Proposal for a Regulation of the European Parliament and of the Council on fluorinated greenhouse gases (2012) Application of a Model or Method 2013-07-24 21:34
IA Report: Roadmap to a Single European Transport Area – Towards a competitive and resource efficient transport system (2011) Application of a Model or Method 2013-07-30 01:17
IA Report: Thematic Strategy on Air Pollution Application of a Model or Method 2013-09-05 11:46