Can a general equilibrium model be used to study the impact of energy consumption on the economy?
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A general equilibrium model can be used to study the impact of energy consumption on the economy. Such models can estimate changes in energy consumption following improvements in energy efficiency and calculate the rebound effect, which measures how behavioral changes offset energy efficiency improvements . Additionally, general equilibrium models can help understand the relationship between energy consumption and economic growth by examining the energy consumption patterns of different sectors and their impact on GDP . These models can also be used to evaluate the effects of energy and environmental policies on capital accumulation and productivity growth, which are important for policy evaluation . Furthermore, econometric general equilibrium modeling can be applied to specific countries, such as the U.S., to assess the impact of proposed legislation on climate policy . Overall, general equilibrium models provide a framework for analyzing the complex relationship between energy consumption and the economy.
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| Papers (4) | Insight |
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| The answer to the query is not provided in the paper. The paper focuses on demonstrating the asymmetric impact of energy consumption on Jordan's economic growth using regression analysis. | |
16 Citations | Yes, a general equilibrium model can be used to study the impact of energy consumption on the economy. The paper discusses the application of econometric general equilibrium modeling to evaluate proposed legislation on climate policy by the U.S. Environmental Protection Agency. |
| The answer to the query is not present in the provided paper. The paper discusses the relationship between energy consumption and economic growth in Morocco, but it does not mention the use of a general equilibrium model to study this impact. | |
| Yes, the paper uses a general equilibrium model to estimate changes in economy-wide energy consumption following an improvement in energy efficiency. |
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