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The IMPACT Project:A Review

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  • J. W. FREEBAIRN

Abstract

This review describes the IMPACT models. considers some of the studies which have used the models, and provides an assessment of the contribution of the project. There is not one model, but rather a set of flexible models for evaluating the effects of structural changes. Information is provided at the disaggregated industry and occupation level as well as at the macroeconomic level. While there are legitimate doubts about some of the underlying characteristics and assumptions of the models and about the to base and parameters, the project represents, an important contribution to economic science and as a provider of additional information for policy analysis.

Suggested Citation

  • J. W. Freebairn, 1980. "The IMPACT Project:A Review," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 17-35, March.
    • Handle: RePEc:bla:ecorec:v:56:y:1980:i:152:p:17-35
    DOI: 10.1111/j.1475-4932.1980.tb01649.x
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    References listed on IDEAS

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    1. Mussa, Michael, 1974. "Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1191-1203, Nov.-Dec..
    2. Vincent, David P. & Dixon, Peter B. & Parmenter, B.R. & Sams, D.C., 1979. "The Short-Term Effect Of Domestic Oil Price Increases On The Australian Economy With Special Reference To The Agricultural Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(2), pages 1-23, August.
    3. Peter B. Dixon & B. R. Parmenter & John Sutton, 1978. "Some Causes Of Structural Maladjustment In The Australian Economy," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 10-26, January.
    4. Hawkins, R G, 1977. "Factor Demands and the Production Function in Selected Australian Manufacturing Industries," Australian Economic Papers, Wiley Blackwell, vol. 16(28), pages 97-111, June.
    5. Taylor, Lance & Black, Stephen L., 1974. "Practical general equilibrium estimation of resource pulls under trade liberalization," Journal of International Economics, Elsevier, vol. 4(1), pages 37-58, April.
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