This study provides an example of applying an AGE model to consider the effects on the wine industry of broader tax reform. The sensitivity of results is considered with respect to the choice of base year for static analysis and an alteration to the long-run capital assumption. Systematic...

Water is increasingly being treated as a tradable commodity. This paper describes our efforts to include water accounts in a multi-regional CGE model. In order to understand the conditions under which water trade might occur, we need to add a number of features to the model and scenarios. These...

The prolonged drought from 2006–07 to 2008–09 in south-eastern Australia presented severe difficulties for dry-land and irrigation farmers in the southern Murray-Darling basin. A dynamic multi-regional computable general equilibrium model (TERMH2O) is used to estimate the economy-wide small...

Over the past decade Hong Kong and China have become far more important to the world’s wine markets, while Southeast Asia’s imports of fine wine continue to grow steadily. This paper reviews recent developments in the light of comparative advantage theory before drawing on a model of global...

A recent analysis indicated that the direct financial cost of weeds to Australia's winter grain sector was approximately $A1.2bn in 1998-1999. Costs of this magnitude represent a large recurring productivity loss in an agricultural sector that is sufficient to impact significantly on regional...