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Response measures models - G-CUBED
G-CUBED
Name and contact of the organization
Peter J Wilcoxen
434 Crouse-Hinds, Center for Environmental Policy and Administration
The Maxwell School, Syracuse University, Syracuse, NY 13244, USA
Description of model
The G-Cubed is a multi-country, multi-sector, general equilibrium model that can be used to study a variety of policies in the areas of environmental regulation, tax reform, monetary and fiscal policy and international trade. It is different from most other models in discriminating between financial and physical capital.
The model is therefore a suitable tool for looking at the economic impacts of a range of response measures, including tax systems, technological development and economic diversification. It has also been applied to financial risk management in the UK.
Particular relevance
The G-Cubed model is relevant in analysing the socio-economic impacts of climate change mitigation policies, as it has a wide range of both fiscal and monetary polices that can be studied. These make it a suitable tool for carrying out financial risk management analysis and the model can also be used to analyse trade flows, sectoral (diversification) impacts and the effects of technological progress.
Coverage
World, split into 8 regions
Model applications
Estimates of the Costs of Kyoto-Marrakesh Versus The McKibbin-Wilcoxen Blueprint - In this paper the authors estimate of the socio-economic cost of the Kyoto Protocol using the G-Cubed model, taking into account sink allowances and allowing for multiple gases and new land clearing estimates ( http://een.anu.edu.au/download_files/een0305.pdf).