Applied Dynamic Analysis of the Global Economy (ADAGE)
Impact/Purpose:
Analysis of policy effects.
Description:
ADAGE is a dynamic computable general equilibrium (CGE) model capable of examining many types of economic, energy, environmental, climate change mitigation, and trade policies at the international, national, U.S. regional, and U.S. state levels. To investigate proposed policy effects, the CGE model combines a consistent theoretical structure with economic data covering all interactions among businesses and households.
ADAGE has three distinct modules: International, US Regional, and Single Country. Each module relies on different data sources and has a different geographic scope, but all have the same theoretical structure which allows for detailed regional and state-level results that incorporate international impacts of policies. The model is developed and run by RTI International for EPA.
Record Details:
Record Type:DOCUMENT
Record Released:07/22/2008
Record Last Revised:06/23/2015
OMB Category:Other
Record ID:
198000
Keywords:
Computable General Equilibrium, CGE, Energy, Climate, Greenhouse Gases,
Model Keywords:
Chemical (e.g., organic, inorganic, toxics), Air, Mobile Source (e.g., automobiles, trains, ships, airplanes), Point Source (e.g., tank, spill, stack, discharge pipe),
Model Detail:
Model Evaluation
:EPA use of ADAGE and IGEM for economy-wide modeling has been the subject of independent peer review. See:
http://www.epa.gov/climatechange/economics/
economywidepeerreview.html
Model URL
:http://www.rti.org/page.cfm?objectid=DDC06637-7973-4B0F-AC46B3C69E09ADA9
Model Download Information
:The documentation is available for download at:
http://www.rti.org/pubs/ema-model-doc_ross_apr08.pdf
modelcontactinfo
:Agency Contact:
Eric Smith
Climate Change Division
Office of Air and Radiation
smith.eric@epa.gov
(202) 343-9200
Developer Contact:
Martin Ross, PhD
Research Triangle Institute
Model Inputs
:Economic data in ADAGE come from the GTAP and IMPLAN databases, and energy data and various growth forecasts come from the International Energy Agency and Energy Information Administration of the U.S. Department of Energy.
Model Outputs
:The ADAGE results include, among others, estimates of the following:
- Hicksian equivalent variation (a metric used in economic analyses to
Describe overall policy effects, considering all impacts of changes in prices,
income, and labor supply);
- gross domestic product (GDP), consumption, industry output, and changes
In prices;
- employment impacts and changes in wage rates;
- capital earnings and real interest rates;
- investment decisions;
- input purchases and changes in production technologies of firms;
- flows of traded goods among regions;
- energy production and consumption by businesses and households; and
- fuel and GHG permit prices.
Model Computer Requirements:
Model Operating Systems Needs
:MS-DOS
Model Hardware Needs
:This model runs on a desktop (PC) computer.
Model Programming Language(s)
:GAMS