@article{Johnston:57901,
      recid = {57901},
      author = {Johnston, Peter and Islam, Nazrul},
      title = {Agricultural Processing and the WA Economy: A General  Equilibrium Analysis},
      address = {2003-02},
      number = {414-2016-26048},
      pages = {34},
      year = {2003},
      abstract = {This paper investigates the impact of an expansion in  agricultural processing on the
Western Australian economy  by modifying and applying a Computable General  Equilibrium
(CGE) economic model of Western Australia  (called WAM). WAM was used to simulate the
effects of a $1  million expansion in eight agricultural processing  industries. The results show
that there is a range of  positive impacts from agricultural processing. On average,  a $1
million expansion in agricultural processing is  estimated to increase the State’s GSP (Gross
State Product)  by $649,000, and total output by $1.9 million. The  expansion of the Wine and
spirits industry is estimated to  have the largest impact while the Textile fibres, yarns  and
woven fabrics industry has the smallest impact on the  Western Australian economy.},
      url = {http://ageconsearch.umn.edu/record/57901},
      doi = {https://doi.org/10.22004/ag.econ.57901},
}