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2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand >
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http://purl.umn.edu/10433
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| Title: | CGE modelling of the resources boom in Indonesia and Australia using TERM |
| Authors: | Wittwer, Glyn
Horridge, Mark |
| Issue Date: | 2007 |
| Series/Report no.: | Conference Paper |
| Abstract: | 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 for domestic factors from the mining sectors. The
drought of 2006 will widen the gap between winning and losing regions.
In Indonesia, even if we assume that the oil extraction sector is facing resource depletion,
a long-run terms-of-trade improvement may result in aggregate consumption increasing
should real GDP fall relative to the base case.
The TERM framework is highly suitable for modelling Brazil and China, each with
around 30 regions. |
| URI: | http://purl.umn.edu/10433 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2007>2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand |
| Total Pages: | 16 |
| Language: | English |
| Collections: | 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand
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