Showing 1 - 10 of 19
Conditions for the dairy industry in northern Victoria over the past decade have been tough. High prices for feed inputs, especially when combined with low farmgate milk prices, have seen situations where dairy farmers are losing money feeding cows. In this environment, it is natural to consider...
Persistent link: https://www.econbiz.de/10008505296
A new era of water scarcity has changed past patterns of feeding dairy cows in northern Victoria. This paper derives a model for estimating least-cost feeding of dairy cows under a range of assumptions regarding prices for irrigation water, hay and feed grain. The cost-minimisation is subject to...
Persistent link: https://www.econbiz.de/10008480061
This paper examines methods aimed at improving baseline economic forecasts using a dynamic CGE model. Forecasting can be used to test the validity of such models, as well as to highlight possible improvements, by investigating the discrepancies between the forecast and actual outcomes. The model...
Persistent link: https://www.econbiz.de/10009144116
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...
Persistent link: https://www.econbiz.de/10004968024
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...
Persistent link: https://www.econbiz.de/10004968030
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...
Persistent link: https://www.econbiz.de/10004968037
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
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
TERM-H2O is a dynamic, multi-regional computable general equilibrium model of the Australian economy with agricultural detail adapted to include regional water accounts. It focuses on the effects of inter-regional water trading. Factors of production are mobile between sectors in farm...
Persistent link: https://www.econbiz.de/10004972462
Infrastructure upgrades appear superficially to be a politically acceptable way of increasing environmental flows in the Murray-Darling Basin. From an economic perspective, their costs and benefits should be compared with other policy instruments. We do so using TERM-H2O, a dynamic regional CGE...
Persistent link: https://www.econbiz.de/10010737002