@article{Islam:57895,
      recid = {57895},
      author = {Islam, Nazrul},
      title = {WHAT DOES A DRY SEASON MEAN TO THE WESTERN AUSTRALIAN  ECONOMY? A CGE INVESTIGATION},
      address = {2003-02},
      number = {414-2016-26088},
      pages = {18},
      year = {2003},
      abstract = {In this paper, by applying a Computable General  Equilibrium model for Western
Australia (called WAG), the  impact of the 2002 dry season on the State’s wider economy  is
quantitatively analysed. An estimate of 40 percent loss  in the production of five major groups
of agricultural  commodities is simulated into the model. The model results  show that the
State’s economy-wide total production  declines by 2.3 percent. In 2001-02 dollar terms  this
production decline is worth more than $2.5 billion.  The gross state product (GSP) for WA
declines by more than  one percent. The total value of the State’s exports and  employment
decline by 5.2 and 1.7 percent respectively.},
      url = {http://ageconsearch.umn.edu/record/57895},
      doi = {https://doi.org/10.22004/ag.econ.57895},
}