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What Does A Dry Season Mean To The Western Australian Economy? A Cge Investigation

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  • Islam, Nazrul

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.

Suggested Citation

  • Islam, Nazrul, 2003. "What Does A Dry Season Mean To The Western Australian Economy? A Cge Investigation," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57895, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare03:57895
    DOI: 10.22004/ag.econ.57895
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    References listed on IDEAS

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    1. Clements, Kenneth W. & Ahammad, Helal & Qiang, Ye, 1996. "New mining and mineral-processing projects in Western Australia: Effects of employment and the macro-economy," Resources Policy, Elsevier, vol. 22(4), pages 293-346, December.
    2. Coyle, Peter & Mayberry, Chris, 2003. "State Government support for WA farmers experiencing adverse seasons in 1998 to 2001: A comment," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57853, Australian Agricultural and Resource Economics Society.
    3. R.G. Gregory, 1976. "Some Implications Of The Growth Of The Mineral Sector," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 71-91, August.
    4. H. Ahammad, 2000. "WAG: A computable general equilibrium model of the Western Australian economy," Economics Discussion / Working Papers 00-11, The University of Western Australia, Department of Economics.
    5. H. Ahammad & N. Islam, 1999. "Estimating the WA Agricultural Production System: A profit function approach," Economics Discussion / Working Papers 99-11, The University of Western Australia, Department of Economics.
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    Cited by:

    1. Jaume Freire-González & Christopher A. Decker & Jim W. Hall, 2017. "A Scenario-Based Framework for Assessing the Economic Impacts of Potential Droughts," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 1-27, October.
    2. Freire-González, Jaume & Decker, Christopher & Hall, Jim W., 2017. "The Economic Impacts of Droughts: A Framework for Analysis," Ecological Economics, Elsevier, vol. 132(C), pages 196-204.
    3. Ivana Logar & Jeroen Bergh, 2013. "Methods to Assess Costs of Drought Damages and Policies for Drought Mitigation and Adaptation: Review and Recommendations," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 27(6), pages 1707-1720, April.

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