- Regional Analysis
The research objective is to examine the effects of energy and climate policies in Taiwan, an important manufacturing economy heavily exposed to international trade. This collaboration will engage the expertise of the Institute of Nuclear Energy Research (INER) of Taiwan to build a global energy economic model where Taiwan is explicitly identified, based on the latest version of the MIT Economic Projection and Policy Analysis (EPPA) model, version 6. The new model will be global in scope, with regional details, including realistic economic and policy scenarios in regions that are of mutual interest to MIT and INER, such as Taiwan, Korea, China, the U.S. and Europe. Model scenarios will be developed in collaboration with INER experts, and the new model will be used to investigate how broader policies may affect the general economy of Taiwan, and the rest of the world. To facilitate the collaborative effort, the Joint Program will host up to two visiting scholars from INER for 6 to 12 months during the first year of collaboration. In addition, two MIT researchers will travel to Taiwan to teach a two-day EPPA training course for INER staff in 2016. Under this collaboration, MIT researchers will coauthor papers with INER experts on topics of mutual interest.