by Céline Guivarch, Stéphane Hallegatte, Renaud Crassous
- This paper proposes to test the global hybrid computable general equilibrium model IMACLIM-R against macroeconomic data. To do so, it compares the modeled and observed responses of the Indian economy to the rise of oil price during the 2003-2006 period. The objective is twofold: first, to disentangle the various mechanisms and policies at play in India’s economy response to rising oil prices and, second, to validate our model as a tool capable of reproducing short-run statistical data.
Guivarch, C., S. Hallegatte, R. Crassous (2009). "The Resilience of the Indian Economy to Rising Oil Prices as a Validation Test for a Global Energy-Environment-Economy CGE Model." CIRED Working Papers No 11-2008.