A multi-sectoral partial equilibrium model of the markets for two types of Australian grapes and wine (premium and non-premium) is developed to study the aggregate returns from different types of research and promotion investments by the industry and their distribution across actors in the...

Over the past two decades, the Australian wine industry has been through a remarkable period of export-oriented growth. Even when vines for drying and table grapes are included, the vineyard area in Australia has trebled over the 20 vintages to 2008, the biggest surge in AustraliaÂ’s history....

We provide economy-wide modeling results of the national and regional implications of two current challenges facing the Australian wine industry: a decline in export demand for premium wines, and a possible change in the tax on domestic wine sales following the Henry Review of Taxation. The...

This paper surveys the contributions of economists since the 1960s to our understanding of AustraliaÂ’s evolving production and trade pattern and to the policies affecting it. Changes in comparative advantage only partly explain the trade pattern. Much of the residual explanation has to do...

A common-agency lobbying model is developed to help understand why North America and the European Union have adopted such different policies towards genetically modified food. Our results show that when firms (in this case farmers) lobby policy makers to influence standards and consumers and...

The Australian wine auction market is characterised by large variations in price between different vintages of the same wine. Yet the release prices of those wines exhibit considerably less volatility. This paper addresses the question: to what extent can we anticipate the future price of such...

How much might the potential economic benefit from a farm productivity boost associated with crop biotechnology adoption by Australia and New Zealand (ANZ) be offset by a loss of market access abroad for crops that may contain genetically modified (GM) organisms? This paper uses the global GTAP...

A global economy-wide model (GTAP) is used to go beyond estimating how GM crop variety adoption affects adopting and non-adopting economies, with or without policy responses to this technology, by indicating effects also on real incomes of farmers. The results suggest the EU moratorium on...

The dispute resolution procedures of the World Trade Organization allow sanctions to be imposed when a country is unwilling to bring a WTO-inconsistent trade measure into conformity. Apart from the fact that the procedure for triggering the retaliation process has ambiguities that need to be...