This is a guide to the variable dimension version of MMRF-GREEN, a dynamic multi-regional, fiscal model of the economy of Australia. We first detail the multi-regional core of the model. Then we introduce dynamics to the model. A section on the fiscal extension of the model follows. A subsequent...

To make CGE models realistic, we sometimes need to include inequality constraints (eg, import quotas) or non-differentiable functions (eg, income tax schedules). Both situations may be described using complementarity conditions, which state that either an equation is true or its complementary...

The share of global wine supplied by New World producers has increased dramatically since the late 1980s. Australia and Chile have emerged as major exporters of wine. USA has also increased production sharply though its sales have grown mainly in the domestic rather than export markets. This...

RunMONASH, a software program, written by Ken Pearson, is used to solve the CGE model, MONASH. RunMONASH produces a base case forecast for a set of years in sequence. In response to some additional policy shocks, RunMONASH calculates a policy deviation from this base case, again for the same...

During the latter part of 2002 large areas of Australia have been affected by severe drought. In this paper, we examine the prospects for the Australian economy between 2001-02 and 2004-05, with particular emphasis on the implications of the drought for regions. Forecasts that take into account...

A dynamic computable general equilibrium model provides a tool for analysing the regional economic consequences of a hypothetical plant pest incursion. The model is very detailed at the industry and regional level. It includes a theory of regional labour market adjustment. In our example, a...

TERM (The Enormous Regional Model) is a "bottom-up" CGE model of Australia which treats each region as a separate economy. TERM was created specifically to deal with highly disag-gregated regional data while providing a quick solution to simulations. This makes it a useful tool for examining the...

This study uses a dynamic multi-regional computable general equilibrium (CGE) model to estimate the micro- and macroeconomic effects of a hypothetical disease outbreak. The extent of the incursion, the impact of the disease on plant yields, the response of buyers, the costs of eradication and...

Large-scale multi-regional CGE models of Australia, such as MMRF and TERM, underlie most CoPS consulting work. The regional detail, modelled in bottom-up fashion, greatly interests policy makers and is often needed to answer questions like: how would less rainfall in southern Australia affect...

Australia's 2007 vintage was smaller than the previous few vintages as a consequence of drought and frost in 2006. Then the worst happened in the following year with an unprecedented second year of drought that resulted in severe cuts to water allocations for irrigators in the southern...