HERMES: Harmonised Econometric Research for Modelling Economic Systems


Book Description

The "HERMES" European system of models is featured in this book. This system was set up at the initiative of the Commission of the European Communities (Directorate-General for Science, Research and Development). It involves a series of medium term, macrosectoral econometric models in which energy plays a special role as a production factor. The different models are interlinked by a bilateral flow module, which describes for each product the trade between all the Community countries taken in twos. The United States, Japan and five zones are represented in this by simplified versions of the Commission's COMET model.This volume will help the reader to understand and interpret the numerous studies which have been undertaken with the help of the HERMES system. Economists and researchers will find valuable information and figures, with a common nomenclature, on the economies of the different countries, both on structural data and on economic operators.




OECD Review of the Belgian Federal Planning Bureau An Assessment of Institutional, Operational and Analytical Capacity


Book Description

This Review assesses the Federal Planning Bureau (FPB) and its institutional, operational and analytical performance as an independent fiscal institution. The FPB’s responsibilities have been growing and this Review provides insights into how effectively the institution continues to serve the needs of its stakeholders.




The Power of Science


Book Description

This book highlights the interaction between science and politics and between research in economics and European Union policy-making. It focuses on the use of Quantitative tools, Top-down and Bottom-up models in up-stream European decision-making process through five EU policy case studies: energy taxation, climate change, energy efficiency, renewable energy, and internalisation of external costs. The author reveals how the European Commission grounds part of its legitimacy on the «objectivity of the figures» and on its «technical charisma». Faced by strong stakeholders, an elected European Parliament and a Council representing the national interests, the Commission defends the credibility of its policy initiatives (e.g. energy and environment targets, new market mechanisms) by scientific reports. Through an in-depth analysis of the preparatory legislation (Commission White Papers, Communications, Directive Proposals, Staff Working Documents, Impact Assessments), the author explains how the European Commission justifies economically and supports politically its initiatives. This book offers a new way of understanding the EU decision-making process with special reference to the energy and environment fields.







Modelling Europe


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Applied Economics and Public Policy


Book Description

Applied economics is both an art and a science. It requires a sound knowledge of economic theory, statistical techniques and data sources, together with an appreciation that behavioural changes can alter apparently established economic relationships. In this book leading economists illustrate the diversity of the subject, and present a series of studies that demonstrate a range of techniques and their applications to economic policy. It contains chapters which explore approaches to macroeconomic modelling analyses of corporate performance, new estimates of the evolution of incomes in the UK since the eighteenth century and assessments of the role of applied economics in guiding macroeconomic policy. All the chapters were specially commissioned to mark the fiftieth anniversary of the Department of Applied Economics at the University of Cambridge, and the contributions to the book are a fitting tribute to the work instigated by Sir Richard Stone and carried forward by his successors.




Climate Change 1995: Economic and Social Dimensions of Climate Change


Book Description

The consequences of climate change for society are analysed in this landmark assessment from the IPCC. This book assesses the available knowledge on the many issues that society has to face, including the international decision-making framework; applicability to climate change of techniques for assessing costs and benefits; the significant social costs of projected climate change; and the economic assessment of policy instruments to combat climate change, nationally and internationally. Some important conclusions of this Second Assessment Report indicate that 10 to 30% of greenhouse gas emissions in most countries can be reduced at negative or zero cost - 'no regrets' measures. Also, the literature indicates that climate change will cause aggregate net damage, which provides an economic rationale for going beyond 'no regrets' measures. It also indicates that a portfolio of mitigation, adaptation and research measures is a sound strategy for addressing climate change given the remaining uncertainties. This report speaks directly to the issues that are faced by the many countries committed to limit emissions of greenhouse gases by the year 2000, and currently negotiating actions to be taken beyond that date. Will be of great value to the international community of policymakers interested in the consequences of climate change, as well as to economists, social and natural scientists.




The Routledge Handbook of the Political Economy of the Environment


Book Description

Featuring a stellar international cast list of leading and cutting-edge scholars, The Routledge Handbook of the Political Economy of the Environment presents the state of the art of the discipline that considers ecological issues and crises from a political economy perspective. This collective volume sheds new light on the effect of economic and power inequality on environmental dynamics and, conversely, on the economic and social impact of environmental dynamics. The chapters gathered in this handbook make four original contributions to the field of political economy of the environment. First, they revisit essential concepts and methods of environmental economics in the light of their political economy. Second, they introduce readers to recent theoretical and empirical advances in key issues of political economy of the environment with a special focus on the relationship between inequality and environmental degradation, a nexus that has dramatically come into focus with the COVID crisis. Third, the authors of this handbook open the field to its critical global and regional dimensions: global issues, such as the environmental justice movement and inequality and climate change as well as regional issues such as agriculture systems, air pollution, natural resources appropriation and urban sustainability. Fourth and finally, the work shows how novel analysis can translate into new forms of public policy that require institutional reform and new policy tools. Ecosystems preservation, international climate negotiations and climate mitigation policies all have a strong distributional dimension that chapters point to. Pressing environmental policy such as carbon pricing and low-carbon and energy transitions entail numerous social issues that also need to be accounted for with new analytical and technological tools. This handbook will be an invaluable reference, research and teaching tool for anyone interested in political economy approaches to environmental issues and ecological crises.




Scientific Integrity and Public Trust


Book Description