The strengths and limitations of long-term structural models
DSGE, CGE, Energy-Economic (SATIM-GE) and hybrid models
This workshop will focus on the strengths and limitations of long-term structural models: DSGE, CGE, Energy-Economic (SATIM-GE) and hybrid models.
Presenters will be requested to present an example of their work with the primary intention to highlight the strengths as well as the limitations of the various modelling techniques. Specific emphasis can then be placed on the types of questions each type of modelling technique can answer or cannot answer. The workshop will include open discussions on the strengths and limitations of these model.
A specific, but not exclusive, request to presenters will be to discuss how these models can be used to answer questions on the environment and energy supply (specifically given South Africa’s electricity supply crisis in an energy sector heavily dominated by coal-based generation capacity and a fiscally constrained public sector).