Overview of technological-economic models for energy policy analysis

A combined technological-economic model has been developed and applied to the analysis of energy policies. The individual models that have been assembled are the Hudson-Jorgenson model of the economy and interindustry transactions, and the Brookhaven Energy System Optimization Model. Other data bases and fixed coefficient input/output models are employed as data sources and accounting frameworks to support this combined technological-economic model. The combined model has been used to develop long-range projections of energy-economic relationships and to perform cost/benefit analyses of the U.S. energy R and D programs.