Development of integrated multi-sectoral economic model considering material and energy flow

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This research develops an innovative computable general equilibrium model which is capable of considering the details of engineering process factors as well as economic behaviors in various economic sectors in a consistent way. According to calculated results, extreme CO2 emissions regulation causes the serious decline of steel production and enormous increasing import of steel products from other country in Japan, which eventually provides negative impact on Japanese economic growth. Thus, the modeling analysis in this study yields meaningful implication for formulating effective energy and environmental policy.