DART97: A Description of the Multi-regional, Multi-sectoral Trade Model for the Analysis of Climate Policies

The DART model is a multi-sectoral, multi-regional dynamic computable general equilibrium model of the world developed for the analysis of international climate policies. Since the first version of DART was developed at the Kiel Institute for World Economics in 1998, the model has undergone a number of changes to run on more recent data and to analyze prevailing issues associated with international emission trading. The aim of this paper is to provide an up-to-date model description and thus to lay open the basis of the results of past and future policy analysis with DART97.