Development of effect assessment methodology for the deployment of fast reactor cycle system with dynamic computable general equilibrium model

Shiotani, Hiroki; Ono, Kiyoshi 

We have developed a dynamic cumputable general equivalent model which can treat the power generation technology including fast reactor cycle explicitly by decomposing the power generation sector based on a static computable general equivalent model to assess the long-term socio-economical effect of the deployment of fast reactor cycle system. We modeled the accumulation of capital by the international investments and adopted "inequivalent approach" to transit the equivalent state only in the long run. We also adopted "technology bundle" in decomposing the power generation sector. Those improvements enabled us to evaluate the electricity shares, electric power prices, supplies, production scales of various industries, and GDPs in countries and regions. In case of the deployment of FR cycle in 2050, the effect on Japanese GDP was calculated about 45 trillion JPY (Japanese Yen), and on world's GDP was about 460 trillion JPY.