This paper presents a foundation for the project, and serve two purposes, namely: (1) synthesis of literature available for reference by researcherson theories and strands of thinking that attempt to explain the growth of economies for use during the project and to identify common ground,...

This paper is a literature review of economic growth theory. The paper commences with a brief history on economic growth theory, to provide some insight as to the origins of contemporary thinking. The neo-classicaltheory, popular in the 1950s and currently experiencing a revival, is discussed...

This paper outlines the profile and perfomance of a small open regional economy, namely South Australia.

It is an overview of the literature review and lists of specific research topics which are to be expanded during the first calendar year of the present program.

The sharp increase in Australia's terms of trade since 2003-04 has dramatic regional and sectoral implications. Mining-intensive regions have gained from the jump in export prices. Import-competing sectors have faced greater competition both from falling import prices and due to rising demand...

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...

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...