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Strict conditions for a two-stage translog expenditure shares model are violated. A single- stage homothetic symmetry/equality model is rejected in favour of a non-homothetic equality model. International own-price elasticities derived from the latter for oil, gas, coal and electricity are...
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This article examines effects on major Australian macroeconomic and structural variables of simultaneous shocks to world oil and black coal prices. The illustrative numerical results have been produced with the short-run fuel substitution tax model, ORANI-LFT. The current version of that model...
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ORANI is a general purpose short-run general equilibrium model of the Australian economy. ORANI-LFT extends this basic model to enable examination of tax issues and interfuel substitution in the industrial sector. The extended model is used to illustrate the effects of a substantial switch from...
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Determination, from the annual observations on the period 1960-79, elasticity of the request of a combustible in comparison with his price and in comparison with the prices of the combustible others in seven countries of the OECD
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