Kilkhor — Dynamic Climate Change based Computable General Equilibrium (CGE) Model for Bhutan

Abstract

KILKHOR is a Dynamic Climate Change based Computable General Equilibrium (CGE) model prepared with financial support from the "Enhancing Climate Resilience for Urban Landscape" project, financed through GEF-UNDP. The base model for KILKHOR — a dynamic CGE model for Bhutan — was developed with the support of the Asian Development Bank. The climate change based CGE model enhances and extends the dynamic CGE model to assess the impact of climate change through an electricity sector module. The model covers 33 industries and 48 commodities derived from Bhutan's 2017 supply and use tables, and incorporates CES value-added nesting, Armington import aggregation, CET export allocation, and recursive-dynamic capital accumulation for multi-period simulations.

Key Features