Endowments:
|
L |
Aggregate labor endowment |
|
K |
Aggregate capital endowment |
|
Qf |
Endowment of natural resource |
|
—r B |
Balance of payment surplus |
|
co2 |
Endowment with carbon emission rights |
Other parameters:
|
aiCO2 |
Carbon coefficient per unit |
Table A2 Overview of key elasticities and parameter specifications
Substitution elasticities in non-fossil fuel production
Capital-labor-energy vs. intermediates 0
Capital-energy vs. labor 0.6
Capital vs. energy 0.8
Electricity vs. primary energy inputs 0.1
Gas-oil vs. coal 0.5
Gas vs. oil 2
Substituion elasticities in final demand
Energy goods vs. non-energy goods 0.5
Non-energy goods vs. non-energy goods 1
Energy goods vs. energy goods 1
Substitution elasticities in government demand
Fossil fuels vs. non-fossil fuels 1
Fossil fuels vs. fossil fuels 0.3
Elasticities in international trade (Armington)
Substitution elasticity between imports vs. domestic inputs 4
Other Parameters
Supply elasticity for crued oil 1
Supply elasticity for gas 1
Supply elasticity for coal 0.5
30