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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...
Persistent link: https://www.econbiz.de/10004968040
The paper outlines the theory and database preparation of SinoTERM, a "bottom-up" computable general equilibrium model of the Chinese economy. The methodology by which we construct the multi-regional model allows us to present the economy of China in an unprecedented amount of detail. SinoTERM...
Persistent link: https://www.econbiz.de/10005001200
Abstract The number of regions and sectors in most regional CGE models is small, due to data and computing limitations. The uses of such models will broaden if they have larger CGE databases. The TERM model combines a massive database with a variable aggregation facility and techniques to...
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MMRF is a dynamic CGE model of Australia's six State and two Territory economies. MMRF is used extensively in contract research. Several features of MMRF make it an ideal tool for policy analysis, including: dynamics, a highly disaggregated regional and sectoral database, a national labour...
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A recent analysis indicated that the direct financial cost of weeds to Australia’s wintergrain sectorwas approximately $A1.2bn in 1998–1999. Costs of thismagnitude representa large recurring productivity loss in an agricultural sector that is sufficient to impactsignificantly on regional...
Persistent link: https://www.econbiz.de/10009446988
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...
Persistent link: https://www.econbiz.de/10004970087