engleski

Assessing the National and Regional Economic and Social Effects of Energy Programmes

Most world (developing) countries do not use quantitative models like full econometric input-output models or Computable General Equilibrium models to calculate economic and social benefit from investment in energy sector. On the other hand developed countries usually use advanced macroeconomic models in energy infrastructure planning. International Atomic Energy Agency cooperates with 12 countries and macroeconomic model experts to develop new analytical tool to help member states to calculate economic and social benefit from investment in energy sector. The final result of the project is Extended Input Output Model for Nuclear Power Plant Impact Assessment (EMPOWER). The model set up follows the traditional impact analysis with input-output analysis, where a new industry (or power plant) is introduced. The model framework is designed for impact analysis including the following four model mechanisms: indirect effects ; indirect and induced effects ; indirect and induced effects and labor market response ; indirect and induced effects, labor market response and feedback from financing of investment. Each model version incorporates everything of the model version below plus one additional feature. The results of the model simulations are presented as aggregate results or as results by industry production at current as well as constant prices.

energy sector, Input Output Model, economic and social impact

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