CIM-EARTH: Framework and Case Study

TitleCIM-EARTH: Framework and Case Study
Publication TypeJournal Article
Year of Publication2009
AuthorsElliott, J, Foster, IT, Judd, K, Moyer, E, Munson, TS
JournalB.E. Journal of Economic Analysis & Policy
Date Published11/2009
Other NumbersANL/MCS-P1710-1209

General equilibrium models have been used for decades to obtain insights into the economic impli- cations of policies and decisions. Despite successes, however, these economic models have substantive limitations. Many of these limitations are due to computational and methodological constraints that can be overcome by leveraging recent advances in computer architecture, numerical methods, and economics research. Motivated by these considerations, we are developing a new modeling framework: the Community Integrated Model of Economic and Resource Trajectories for Humankind (CIM-EARTH). In this paper, we describe our framework and initial implementation and its application to a case study on carbon leakage, the impact of a unilateral carbon emissions policy on the global movement of industrial production capacity away from that region.