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In this study, we simulated three potential scenarios of an Australia-China Free Trade Agreement (FTA): removal of … framework is a multi-country, multi-sector computable general equilibrium model, the Monash-Multi-Country (MMC) model. The FTA … occurring in the two countries amid globalisation without an FTA. …
Persistent link: https://www.econbiz.de/10004968029
This study analyses the effects of removing Tariff Rate Quota (TRQ) and other barriers on wool imports into China using the Monash Multi-Country (MMC) model, a dynamic Computable General Equilibrium Model of Australia, China and the Rest of the World. The study suggests that TRQ on greasy wool...
Persistent link: https://www.econbiz.de/10005031658
China is experiencing rapid population ageing with the proportion of the population aged 65 and above projected to increase almost threefold between 2010 and 2050. The growth of the working age population is expected to stop approximately in 2015 and to turn strongly negative. China's low...
Persistent link: https://www.econbiz.de/10010737013
We use MVN - a dynamic CGE model of the Vietnamese economy - to investigate the Vietnamese economy's rapid growth and structural change over the period 1996 to 2003. We do this in two steps. First, we estimate changes in variables representing production technologies, consumer preferences,...
Persistent link: https://www.econbiz.de/10004970086
The main ideas in this paper are: (a) that CGE models can be used in forecasting; and (b) that forecasts matter for policy analysis. We demonstrate these ideas by describing an application of MONASH, a dynamic CGE model of Australia, to the Australian motor vehicle industry over the period 1987...
Persistent link: https://www.econbiz.de/10005031641
This paper examines the economic effects of removing tariffs in Bangladesh using a computable general equilibrium (CGE) modelling approach. The results of the simulations indicate that in the short-run a funded tariff cut with fixed real national savings would increase employment slightly and...
Persistent link: https://www.econbiz.de/10005032932
Taking a commonly-used and commonly-available trade policy model as our starting point, we examine the long-run effects of large-scale structural change with and without international capital accumulation, mobility and ownership. We demonstrate the relative merits and limitations of different...
Persistent link: https://www.econbiz.de/10004965135
This paper documents analysis of the economic effects of the proposed SACU/USA free trade agreement using a specially-built dynamic version of the GTAP world general equilibrium model. At the core of the new model is the standard GTAP Version 6.0 framework, released in April 2001. Onto this...
Persistent link: https://www.econbiz.de/10004968042
In this paper we desribe a general equilibrium model of the world economy, designed to simulate the effect of a liberalization of world food trade. Our model owes much to Tyers (1985) partial equilibrium model which covered trade between 30 countries in 7 agricultural commodities. It also...
Persistent link: https://www.econbiz.de/10005001195
This report builds on an earlier paper discussed by Peter Dixon with the Senate Select Committee on December 18, 1998 which describes a single simulation, with the MONASH model, of the effects of the tax package. A revised version of this simulation is presented here as the central case ;...
Persistent link: https://www.econbiz.de/10005032936