Abstract
An energy-economic model to simulate energy-economy interactions and to analyze energy policy issues in the developing countries is discussed. The model consists of submodels of the energy demand for coal, petroleum and electricity interlinked to a macroeconomic model. Oil price and foreign aid flows are the major exogenous variables which could induce a shortage of foreign exchange. This could reduce energy and other essential imports, causing reductions in capacity utilization and investment, respectively, leading to reduction in economic growth in the short- and long-term. The model has been applied to India to project demand for oil, coal, and electricity and GDP growth simultaneously under various scenario assumptions.
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