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Simulating the Economic Impact of Resources Depletion Using a Computable General Equilibrium Model for Romania
2015
Procedia Economics and Finance
Resources depletion is a pressing problem affecting the today's economies with multiple implications on the economic activities and main economic indicators. In this context, the paper builds a computable general equilibrium model capturing the mechanisms through which the availability of energy resources affect the economy. The analysis focuses on fossil energy resources depletion. The model is an open economy general equilibrium model with bilateral trade and a nested CES production function
doi:10.1016/s2212-5671(15)00272-5
fatcat:a7k4nhtnsvathjlxptaw2xlk6y