Simulations with dynamic, single-country, CGE models typically imply that reductions in domestic demand, e.g. a cut in investment, generate increases in exports and reductions in imports facilitated by real depreciation. However, currently in the U.S. a large reduction in investment is occurring...

The computer implementation of any large economic model is usually a very expensive and time consuming task. This paper describes a software package, called GEMPACK, which is being developed specifically to reduce dramatically the research time, effort and cost required to set up one solution...

The ORANI-F model of the Australian economy is closely based on the original ORANI model (Dixon, Parmenter, Sutton and Vincent, 1982), which has been used for many policy analyses in Australia. However, as well as having a more recent database, ORANI-F is a forecasting model: it includes some...

This paper gives a brief overview of a new suite of software designed to make it relatively painless to implement large economic models, especially those in the computable general equilibrium (CGE) class. Whereas in the past a large element in the cost of building these models has been the...

We use MVN - a dynamic CGE model of the Vietnamese economy - to investigate the Vietnamese economy's rapid growth and structural change over the period 1996 to 2003. We do this in two steps. First, we estimate changes in variables representing production technologies, consumer preferences,...

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...

We derive formulas for the optimal tariff rate in four theoretical models. We start with a model in which industries are competitive and then successively allow for: monopoly pricing by export industries; revenue-replacement costs; and cold-shower effects. The theoretical formulas accurately...

This document introduces GEMPACK to readers who are familiar with using GAMS for general equilibrium modeling. The document points out similarities and differences between GAMS and GEMPACK. The many similarities make it relatively easy for a GAMS modeler to begin using GEMPACK productively. A...

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...

The contribution of an industry to the economy is often measured by an input-output calculation showing labour used directly in the industry and indirectly via the production of intermediate inputs for the industry. This paper demonstrates an alternative approach based on simulations with a...