The Economic Impact of Coal-Fired Versus Nuclear Power Plants: An Application of a General Equilibrium Model

Abstract

In recent years, the literature in the field of general equilibrium modeling has increased. For long-term energy projections, general equilibrium models are more adequate than standard econometrics in evaluating alternative economic policies in a theoretically consistent framework. The well-known structure and economic mechanism of those models makes it easier to analyze structural changes of prices and quantities demanded or supplied for a given data set of an economy, national income accounts figures, and trade balance effects. The dynamic formulation of these models via investment decisions and capital formation also enables an intertemporal interpretation of structural adjustment and growth processes.

Keywords

Coal Nuclear Electric utilities GE model Germany Electricity generation

Get full access to this article

View all access options for this article.

References

Conrad

(1982), “Prices and Vintages within Dynamic Input-Output Energy Model.” Discussion Paper No. 231/82. Mannheim, Federal Republic of Germany: Universitat Mannheim.

Conrad

K..

Henseler-Unger

(1984). “Der EinfluB alternativerTechnologien in der Elektrizitatswirtschaft auf scktorale Preisstrukturcn und langfristige Allokation dcr Produktionsfaktore.” In H. Siebert,ed. Intertemporale Allokation. Frankfurt: Lang Verlag, pp. 551-579.

Conrad

K..

Henseler-Unger

(1985). “Applied General Equilibrium Modeling for Long-term Energy Policy in the Federal Republic of Germany.” In M. Baier ed. Energy and Economy, Global Interdependencies: Interdependence of Energy and the Economy, Proceedings of the Seventh Annual International Conference of the International Association of Energy Economists, vol. 3, Bonn pp. 13-32.

Hudson

Jorgenson

D. W.

(1974). “U.S. Energy Policy and Economic Growth. 1975-2000.” Bell Journal of Economics and Management Science 5: 461-514.

Johansen

(1960). A Multi-Sectoral Study of Economic Growth. Amsterdam.: North-Holland Publishing Company.

Jorgenson

D. W.

(1984). “Econometric Methods for Applied General Equilibrium Analysis.” In Scarf

H. E.

Shoven

J. B.

, eds. Applied General Equilibrium Analysis, Cambridge, England: Cambridge University Press, pp. 139-203.

Schmitt

Jung

Ebersbach

K.R.

Prechtl

(1978). Parameterstudie :ur Ermittlung der Kosten der Stromerzeugung aus Steinkohle und Kernenergie.

Wessels

(1976a), “Auswirkunge des Baus eines Kernkraftwekes auf Produktion und Erwerbstatigenzah.” In Wochenbericht des DIW, Nr. 26-27/76, S. 256-259.

Wessels

(1967b), “Auswirkunge des Baus und Betriebs eines Steinkohlekraftwerkes auf Produktion und Erwerbstatigenzahl.” In Wochenbericht des DIW, Nr. 48/76, S. 443-448.