Wilcoxen chapter on the G-Cubed model featured in Handbook

Feb 26, 2013

A Global Approach to Energy and Environment: The G-Cubed Model

Warwick J. McKibbin & Peter J. Wilcoxen

Handbook of Computable General Equilibrium Modeling, February 2013

Peter Wilcoxen

Public Administration & International Affairs Department

Center for Environmental Policy and Administration

Center for Policy Research

Trade

Handbook of Computable General Equilibrium Modeling

Peter Wilcoxen

G-Cubed is a multi-country, multi-sector, intertemporal general equilibrium model that has been used to study a variety of policies in the areas of environmental regulation, tax reform, monetary and fiscal policy, and international trade. It is designed to bridge the gaps between three areas of research – econometric general equilibrium modeling, international trade theory, and modern macroeconomics – by incorporating the best features of each. This chapter describes the theoretical and empirical structure of the model, summarizes its applications and contributions to the literature, and discusses two example applications in detail.