The period 1996/97-2001/02 was characterised by rapid economic growth and substantial structural change. This paper analyses this period in detail, relying on results from historical and decomposition simulations with the MONASH model. Changes in the level and composition of economic activity...

A general equilibrium model is used in an assessment of different proposals for the establishment in Australia of a high-technology city (an MFP). Our approach emphasizes the roles of prices and of economy-wide constraints. The results indicate that the welfare effects of the MFP depend...