Energy and the economy. Final report. [Results of comparison of 6 models]

Technical Report · Sun Jan 01 00:00:00 EST 1978

DOI:https://doi.org/10.2172/7097942· OSTI ID:7097942

Hogan, W. W.

The Electric Power Research Institute created the energy Modeling Forum to improve the use and usefulness of energy models. This report presents the results of a comparison of six models of energy and the economy. The comparison illuminates the structure of the models and identifies the importance of a few key elements in determining the nature of the feedback from the energy sector to the remainder of the economy: the value share of energy, the potential for the substitution of capital and labor for energy, and the interaction between energy availability and capital formation. The strengths and weaknesses of the models in application to the study of energy and the economy are discussed, with emphasis on the contribution to improved communication between decision makers and energy modelers.

• Research Organization: Stanford Univ., CA (USA). Inst. for Energy Studies
• OSTI ID: 7097942
• Report Number(s): EPRI-EA-620(Vol.1)
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ECONOMY
ENERGY
ENERGY MODELS
AVAILABILITY
CAPITAL
COMMUNICATIONS
COMPARATIVE EVALUATIONS
DECISION MAKING
ECONOMIC IMPACT
ECONOMICS
EPRI
FEEDBACK
INTERCHANGEABILITY
SIMULATION
USA
WORK
NORTH AMERICA
290100* - Energy Planning & Policy- Energy Analysis & Modeling
290200 - Energy Planning & Policy- Economics & Sociology