Research Projects

This report provides a very brief description of a model of the California economy that was designed for the evaluation of environmental and fiscal policies. Most of this report is devoted to the production of a new version of the Environmental Dynamic Revenue Analysis Model, 2003 (EDRAM03). This updated version of the Environmental Dynamic Revenue Analysis Model (EDRAM) differs from the earlier versions in that it uses a more recent base year (fiscal year 2003) as well as more accurate energy accounting and provides much greater detail for industrial sectoring. The greater detail in industrial sectoring facilitates evaluating policies that directly affect only a small fraction of the California economy.