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Emergence of New Economics Energy Transition Models: A Review
Ecological Economics ( IF 6.6 ) Pub Date : 2020-11-01 , DOI: 10.1016/j.ecolecon.2020.106779
Sarah Hafner , Annela Anger-Kraavi , Irene Monasterolo , Aled Jones

Abstract Well-known academic and non-academic institutions call for a new approach in economics able to capture features of modern economies including, but not limited to, complexity, non-equilibrium and uncertainty. In this paper, we provide a systematic review of ecological macroeconomic models that are suitable for the investigation of low-carbon energy transitions and assess them based on the features considered desirable for a new approach in economics. We draw two main conclusions: firstly, the knowledge base and structure of these existing ecological macroeconomic models are relevant, alongside other types of models, for the creation of a new approach in economics. Secondly, the reviewed models are policy relevant, especially in the context of the complexity and urgency of rapid energy transitions, where increasingly policymakers require economic models able to capture real-world characteristics. However, further improvements are needed to these models and future research should focus on i) assuring comparability of models' results and their policy insights, ii) incorporation of the relationships between macroeconomics, finance and sustainability and iii) the institutionalization of a new approach in economics.

中文翻译:

新经济学能源转型模型的出现:回顾

摘要 著名的学术和非学术机构呼吁采用一种新的经济学方法,能够捕捉现代经济的特征,包括但不限于复杂性、非均衡性和不确定性。在本文中,我们对适用于低碳能源转型研究的生态宏观经济模型进行了系统回顾,并根据被认为适用于新经济学方法的特征对其进行评估。我们得出两个主要结论:首先,这些现有生态宏观经济模型的知识库和结构与其他类型的模型一起,对于创建新的经济学方法是相关的。其次,审查的模型与政策相关,特别是在能源快速转型的复杂性和紧迫性的背景下,越来越多的政策制定者需要能够捕捉现实世界特征的经济模型。然而,这些模型需要进一步改进,未来的研究应侧重于 i) 确保模型结果及其政策见解的可比性,ii) 整合宏观经济、金融和可持续性之间的关系以及 iii) 新方法的制度化经济学。
更新日期:2020-11-01
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