Core Model Proposal #410: Updates to Socioeconomic and Macroeconomic Data, Processing Structure, and Visualization
This Core Model Proposal (CMP) comprehensively restructures and updates the macroeconomic and socioeconomic modules in gcamdata. It includes visualizations of key data inputs, accounting identities, and data flows in the context of GCAM-Macro-KLEM. Major improvements include: (1) updating the Penn World Table (PWT) to version 10 and incorporating a new source, the Global Macro Database (GMD); (2) updating the SSP socioeconomics database from version 3.0.1 to 3.2; (3) introducing SSP-specific differentiation of employment and labor force data; (4) improving data integration between national accounts (from PWT, GMD, and GTAP) and GDP/population data from external sources; and (5) general data cleaning and structural refinements. We document the data sources and key assumptions used throughout the processing. These updates establish the foundation for the forthcoming KLEAM version of GCAM-macro.