This paper describes the endogenous technical change module that has been incorporated in POLES and the main quantitative results of the new version of the model and corresponding exercises. Section 2 presents the methodology that has been used in order to assess the returns to R&D for the main...

This paper presents a module endogenising technical change which is capable of being attached to large scale energy models that follow an adaptive-expectations. The formulation includes, apart from the more classical learning by doing effects, quantitative relationships between technology...