GTAP Resources: Resource Display
| GTAP Resource #1199 |
|---|
|
"Using a Highly Disaggregated Multi-regional Single-country Model to Analyse the Impacts of the 2002-03 Drought on Australia" by Horridge, Mark, John Madden and Glyn Wittwer Abstract TERM (The Enormous Regional Model) is a "bottoms-up" model of the Australian economy which models each region as a separate economy. This model was created specifically to deal with highly disaggregated regional data while providing a quick solution to simulations. This makes it a useful tool for examining the regional impacts of shocks that may be region-specific. We include some details of how we prepared the TERM database, using a national input-output table, together with regional data showing output (for agriculture) and employment (in other sectors) for each of 144 sectors and 57 regions [the Australian statistical divisions]. Using a 38 sector, 45 region aggregation of the model, we simulate the short-run effects of the Australian drought of 2002-03, which was the most widespread for 20 years. The effects on some statistical divisions are extreme, with income losses of up to 20 per cent as a consequence of drought. Despite the relatively small share of GDP that agriculture has in Australia, the drought reduces GDP by 1.7 per cent, and contributes to a decline in unemployment and a worsening of the balance of trade. |
| Resource Details (Export Citation) | GTAP Keywords | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
- Climate change policy |
| Attachments |
|---|
|
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Resource 1199 (174.8 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
| Comments (0 posted) |
|---|
|
You must log in before entering comments.
No comments have been posted. |
Last Modified: 9/15/2023 1:05:45 PM
