Multilateral liberalisation of services trade

This paper compares estimates of the gains from eliminating barriers to trade in services with those from eliminating post-Uruguay barriers remaining in the traditional areas of agriculture and manufacturing. It uses a model that incorporates a bilateral treatment of foreign direct investment, one of the key vehicles by which services are traded internationally.The model is a version of GTAP with foreign direct investment, known as FTAP.multilateral liberalisation - services trade - Uruguay Round - trade barriers - foreign direct investment - GTAP - FTAP

The effect of the mining boom on the Australian economy

Abstract: This paper estimates the effects of the mining boom in Australia, using a large-scale structural macroeconometric model, AUS-M. We estimate that the mining boom boosted real per capita household disposable income by 13 per cent by 2013. The boom has contributed to a large appreciation of the Australian dollar that has weighed on other industries exposed to trade, such as manufacturing and agriculture. However, because manufacturing benefits from higher demand for inputs to mining, the deindustrialisation that sometimes accompanies resource booms – the so-called ‘Dutch disease’ – has not been strong

A General Welfare Decomposition for CGE Models

Huff and Hertel (2001) derive a welfare decomposition for the equivalent variation in the GTAP model. The derivation appears to be very specific to GTAP. Nevertheless, it contains nearly all the ingredients required for performing welfare decomposition for any CGE model. In this paper, the approach of Huff and Hertel (2001) is generalised to derive a welfare decomposition that can be applied to most, if not all, CGE models. General production and utility functions are accommodated, as are foreign income flows. A brief guide to coding the proposed welfare decomposition in GEMPACK is also provided. The decomposition is applied to decomposing the equivalent variation in GTAP

NIAM: National Integrated Assessment Model - Proof-of-concept development and application

This paper describes the initial development of a national integrated assessment model, based on the MMRF model used to analyse the CPRS. The initial development was geared towards delivering a proof of concept simulation to demonstrate the feasibility of the development of such a model. In consultation with the CSIRO, it was decided that a reduction in water availability would be an appropriate simulation, being of relevance and interest, especially in the context of climate change, and entailing a realistic load of model development in the timeframe allowed.CGE models, water, climate change

A GENERAL WELFARE DECOMPOSITION FOR CGE MODELS

Huff and Hertel (2001) derive a welfare decomposition for the equivalent variation in the GTAP model. The derivation appears to be very specific to GTAP. Nevertheless, it contains nearly all the ingredients required for performing welfare decomposition for any CGE model. In this paper, the approach of Huff and Hertel (2001) is generalised to derive a welfare decomposition that can be applied to most, if not all, CGE models. General production and utility functions are accommodated, as are foreign income flows. A brief guide to coding the proposed welfare decomposition in GEMPACK is also provided. The decomposition is applied to decomposing the equivalent variation in GTAP

A General Welfare Decomposition for CGE Models

January 2000 Huff and Hertel (2001) derive a welfare decomposition for the equivalent variation in the GTAP Model. The derivation appears to be very specific to GTAP. Nevertheless, it contains nearly all the ingredients required for performing welfare decomposition for any CGE model. In this paper, the approach of Huff and Hertel (2001) is generalised to derive a welfare decomposition that can be applied to most, if not all, CGE models. General production and utility functions are accommodated, as are foreign income flows. A brief guide to coding the proposed welfare decomposition in GEMPACK is also provided. The decomposition is applied to decomposing the equivalent variation in GTAP.