Computable general equilibrium models for sustainable development: past and future

Fabregat-Aibar, Laura; Niñerola, Àngels; Pié, Laia
Abstract:
Computable general equilibrium models (CGE) are used to estimate the ex-ante quantitative impact of a change in economic policy. There is a bulk of research in the field of sustainable development applying it for testing implementation of carbon taxation, analyzing reductions of greenhouse gas (GHG), or addressing agricultural issues to work the land efficiently. The main objective of this review is to provide an exhaustive analysis of the literature about these models and their evolution over the last 50 years. The search was conducted in the main academic databases (Scopus and Web of Science), where 1353 articles were found from 1966 to 2019 related to the topic. The results of the descriptives, relational, and content analyses carried out show the current state of the-art, trends, subfields of research, and future gaps to fulfill. This article contributes to the literature that uses CGE models providing an overview of its different applications in the field of sustainability. It gives useful insights to academics who want to further research the field.
Year:
2022
Type of Publication:
Article
Keywords:
Computable general equilibrium models; Climate change; Climate policy; Environmental impact; Carbon taxation; CO2 emission
Journal:
Environmental Science and Pollution Research
DOI:
https://doi.org/10.1007/s11356-021-18030-z
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