BC3 Seminars : MCDM and CGE Models Applied for Environmental Issues

BC3 Seminars
“MCDM and CGE Models Applied for Environmental Issues“

Prof. Alejandro Cardenete

Full Professor at the University Loyola,Sevilla

Abstract

The goal of this presentation is to analyze two complementary approaches to include not only macroeconomic indicators if not to include environmental issues. Therefore we use MCDM – multicriteria decision making- techniques to capture different goals, economics and non-economics, in the same objective function. This approach is included in CGE models – computable general equilibrium- where you have all agents, institutions and sectors in the same model. So, linking these two models we apply them looking for different objectives as to increase GDP and to decrease CO2 emissions at the same time, for example. To see the potentiality of this approach we present different published papers where we can explore this one.