A computable general equilibrium analysis of export taxes in the Australian wool industry
AbstractWe solve for Australiaâs optimal export tax on wool using a computable general equilibrium model - an aggregated version of the Monash Model. A key aspect of the analysis is the way in which we model short-run and long-run compara- tive statics. As opposed to varying the Armington elasticity which measures the degree of substitutability between domestic and imported goods, we contrast the unrestricted movement of primary factors of production with a specific-factors representation. We find that while results are virtually unchanged for the range of Armington elasticity values we employ in our sensitivity analysis, the specific- factors specification has a significant impact on model results.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 24 (2007)
Issue (Month): 4 (July)
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Web page: http://www.elsevier.com/locate/inca/30411
Other versions of this item:
- Fraser, Iain & Waschik, Robert, 2006. "A Computable General Equilibrium Analysis of Export Taxes in the Australian Wool Industry," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139733, Australian Agricultural and Resource Economics Society.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
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