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- W3166908918 abstract "This article introduces a dynamic forward calibration method for New Quantitative Trade models, particularly a disaggregated Eaton and Kortum model, within a global computable general equilibrium framework. The model is parameterized based on distinct, consistent future development scenarios of the (Northwest) German energy transition with productivity growth and structural change derived through a complex scenario-creation process. The future development scenarios significantly affect European economies, particularly via the EU climate policy costs that significantly increase towards 2050. If (Northwest) Germany's energy transition fails, then its climate policy costs will increase extraordinarily. Structural change, energy efficiency improvements and nearly 100% electricity from renewables drastically reduce the costs. • Dynamic forward calibration method for New Quantitative Trade models. • Calibration to future development scenarios via sectoral productivity adjustments. • High policy costs towards 2050 caused by a failed German energy transition. • Drastic reduction of the policy costs via structural change, energy efficiency improvements and 100% renewables. • Reduced dependence on fossil fuel imports via renewable energy use." @default.
- W3166908918 created "2021-06-22" @default.
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- W3166908918 date "2021-08-01" @default.
- W3166908918 modified "2023-09-27" @default.
- W3166908918 title "A forward calibration method for analyzing energy policy in new quantitative trade models" @default.
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- W3166908918 doi "https://doi.org/10.1016/j.eneco.2021.105352" @default.
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