IDEAS home Printed from https://ideas.repec.org/p/cop/wpaper/g-140.html
   My bibliography  Save this paper

MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models

Author

Listed:
  • Philip D. Adams
  • Mark Horridge
  • Glyn Wittwer

Abstract

This is a guide to the variable dimension version of MMRF-GREEN, a dynamic multi-regional, fiscal model of the economy of Australia. We first detail the multi-regional core of the model. Then we introduce dynamics to the model. A section on the fiscal extension of the model follows. A subsequent section details enhancements designed to improve the model's capability for environmental analysis.

Suggested Citation

  • Philip D. Adams & Mark Horridge & Glyn Wittwer, 2003. "MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models," Centre of Policy Studies/IMPACT Centre Working Papers g-140, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:g-140
    as

    Download full text from publisher

    File URL: https://www.copsmodels.com/ftp/workpapr/g-140.pdf
    File Function: Initial version, 2003-10
    Download Restriction: no
    File URL: https://www.copsmodels.com/elecpapr/g-140.htm
    File Function: Local abstract: may link to additional material.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul S. Armington, 1970. "Adjustment of Trade Balances: Some Experiments with a Model of Trade among Many Countries (Ajustement de la balance commerciale: quelques expériences avec un modèle d'échanges internationaux) (El a," IMF Staff Papers, Palgrave Macmillan, vol. 17(3), pages 488-526, November.
    2. Mark Horridge, 2000. "ORANI-G: A General Equilibrium Model of the Australian Economy," Centre of Policy Studies/IMPACT Centre Working Papers op-93, Victoria University, Centre of Policy Studies/IMPACT Centre.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hielke Buddelmeyer & Nicolas Hérault & Guyonne Kalb & Mark van Zijll de Jong, 2012. "Linking a Microsimulation Model to a Dynamic CGE Model: Climate Change Mitigation Policies and Income Distribution in Australia," International Journal of Microsimulation, International Microsimulation Association, vol. 5(2), pages 40-58.
    2. Bouët Antoine & Laborde-Debucquet David & Dienesch Elisa & Elliott Kimberly, 2012. "The Costs and Benefits of Duty-Free, Quota-Free Market Access for Poor Countries: Who and What Matters," Journal of Globalization and Development, De Gruyter, vol. 3(1), pages 1-27, June.
    3. Eduardo Amaral Haddad & Edson Paulo Domingues & Fernando Salgueiro Perobelli & Eduardo Simões de Almeida & Carlos Roberto Azzoni & Joaquim J. M. & Guilhoto Fabio Kanczuk, 2010. "Impactos Econômicos Das Mudanças Climáticas No Brasil," Anais do XIV Semin·rio sobre a Economia Mineira [Proceedings of the 14th Seminar on the Economy of Minas Gerais], in: Anais do XIV Seminário sobre a Economia Mineira [Proceedings of the 14th Seminar on the Economy of Minas Gerais], Cedeplar, Universidade Federal de Minas Gerais.
    4. Horridge, Mark & Madden, John & Wittwer, Glyn, 2003. "Using a Highly Disaggregated Multi-Regional Single-Country Model to Analyse the Impacts of the 2002-03 Drought on Australia," Conference papers 331074, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Horridge, Mark & Madden, John & Wittwer, Glyn, 2005. "The impact of the 2002-2003 drought on Australia," Journal of Policy Modeling, Elsevier, vol. 27(3), pages 285-308, April.
    6. Horridge, Mark & Wittwer, Glyn, 2008. "SinoTERM, a multi-regional CGE model of China," China Economic Review, Elsevier, vol. 19(4), pages 628-634, December.
    7. Briones, Roehlano M., 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model (PRGEM)," Discussion Papers DP 2009-03, Philippine Institute for Development Studies.
    8. Glyn Wittwer & Simon McKirdy & Ryan Wilson, 2005. "Regional economic impacts of a plant disease incursion using a general equilibrium approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 75-89, March.
    9. Glyn Wittwer & Simon McKirdy & Ryan Wilson, 2003. "Analysing the Economic Impacts of a Plant Disease Incursion Using a General Equilibrium Approach," Centre of Policy Studies/IMPACT Centre Working Papers op-97, Victoria University, Centre of Policy Studies/IMPACT Centre.
    10. Wittwer, Glyn, 2006. "Modelling future urban and rural water requirements in a CGE framework," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139928, Australian Agricultural and Resource Economics Society.
    11. Qiang Ye, 2006. "Commodity Booms and Their Impacts on the Western Australian Economy: The Iron Ore Case," Economics Discussion / Working Papers 06-18, The University of Western Australia, Department of Economics.
    12. Santos, Gervasio F. & Haddad, Eduardo A. & Hewings, Geoffrey J.D., 2013. "Energy policy and regional inequalities in the Brazilian economy," Energy Economics, Elsevier, vol. 36(C), pages 241-255.
    13. Glyn Wittwer & Mark Horridge, 2018. "Prefectural Representation of the Regions of China in a Bottom-up CGE Model: SinoTERM365," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 3(2), pages 178-213, December.
    14. Roehlano M. Briones, 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model," Development Economics Working Papers 22617, East Asian Bureau of Economic Research.
    15. Peter B. Dixon & Maureen T. Rimmer & Glyn Wittwer, 2011. "Saving the Southern Murray‐Darling Basin: The Economic Effects of a Buyback of Irrigation Water," The Economic Record, The Economic Society of Australia, vol. 87(276), pages 153-168, March.
    16. Mark Horridge & Glyn Wittwer, 2006. "The Impacts of Higher Energy Prices on Indonesia’s and West Java’s Economies using INDOTERM, a Multiregional Model of Indonesia," Working Papers in Economics and Development Studies (WoPEDS) 200607, Department of Economics, Padjadjaran University, revised Aug 2006.
    17. Hielke BUDDELMEYER & Nicolas HÉRAULT & Guyonne KALB & Mark VAN ZIJLL DE JONG, 2009. "Linking a Dynamic CGE Model and a Microsimulation Model: Climate Change Mitigation Policies and Income Distribution in Australia," EcoMod2009 21500020, EcoMod.
    18. Alyson S Barratt & Matthieu H Arnoult & Bouda Vosough Ahmadi & Karl M Rich & George J Gunn & Alistair W Stott, 2018. "A framework for estimating society's economic welfare following the introduction of an animal disease: The case of Johne's disease," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-26, June.
    19. Ranjith Ihalanayake, 2012. "Economic Effects of Tourism Tax Changes in Australia: Empirical Evidence from a Computable General Equilibrium Model," Tourism Economics, , vol. 18(1), pages 181-202, February.
    20. Glyn Wittwer & Peter Dixon, 2004. "Forecasting the Economic impact of an industrial stoppage using a dynamic, computable general equilibrium model," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 7(1), pages 39-51, March.
    21. Mark Horridge, 2011. "The TERM model and its data base," Centre of Policy Studies/IMPACT Centre Working Papers g-219, Victoria University, Centre of Policy Studies/IMPACT Centre.
    22. Ye, Qiang, 2008. "Commodity booms and their impacts on the Western Australian economy: The iron ore case," Resources Policy, Elsevier, vol. 33(2), pages 83-101, June.
    23. G.A. Meagher & P.D. Adams & Felicity Pang, 2014. "Climate Change Mitigation, Economic Growth and the Distribution of Income," Centre of Policy Studies/IMPACT Centre Working Papers g-247, Victoria University, Centre of Policy Studies/IMPACT Centre.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kym Anderson & Signe Nelgen & Ernesto Valenzuela & Glyn Wittwer, 2009. "Economic contributions and characteristics of grapes and wine in AustraliaÂ’s wine regions," Centre for International Economic Studies Working Papers 2009-01, University of Adelaide, Centre for International Economic Studies.
    2. Arief Anshory Yusuf, 2008. "INDONESIA-E3: An Indonesian Applied General Equilibrium Model for Analyzing the Economy, Equity, and the Environment," Working Papers in Economics and Development Studies (WoPEDS) 200804, Department of Economics, Padjadjaran University, revised Sep 2008.
    3. Mai, Yinhua, 2008. "Removing border protection on wheat and rice: effects on rural income and food self-sufficiency in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(2), pages 1-19.
    4. Peter Warr & Arief Anshory Yusuf, 2014. "Fertilizer subsidies and food self-sufficiency in Indonesia," Agricultural Economics, International Association of Agricultural Economists, vol. 45(5), pages 571-588, September.
    5. Layman, B.D., 1999. "A Structural Model of the World Wool Market," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123691, Australian Agricultural and Resource Economics Society.
    6. E. Roos & P. Adams & J. Heerden, 2015. "Constructing a CGE Database Using GEMPACK for an African Country," Computational Economics, Springer;Society for Computational Economics, vol. 46(4), pages 495-518, December.
    7. Peter Warr & Arief Anshory Yusuf, 2011. "Reducing Indonesia’s deforestation‐based greenhouse gas emissions," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 297-321, July.
    8. Arief Anshory Yusuf & Mark Horridge & Edimon Ginting & Priasto Aji, 2014. "Reducing disparity through a regions-focused development: A modeling approach of assessing the Indonesian MP3EI," Working Papers in Economics and Development Studies (WoPEDS) 201402, Department of Economics, Padjadjaran University, revised Feb 2014.
    9. Liyanaarachchi, Tilak Susantha & Bandara, Layatilleke S. & Naranpanawa, Athula, 2014. "A Quantitive Evaluation of the Potential Effects of Trade Policy Reversal in Sri Lanka: A Computable General Equilibrium (CGE) Analysis," Sri Lankan Journal of Agricultural Economics, Sri Lanka Agricultural Economics Association (SAEA), vol. 16, pages 1-26, November.
    10. Harrison, W Jill & Pearson, K R, 1996. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Computational Economics, Springer;Society for Computational Economics, vol. 9(2), pages 83-127, May.
    11. Arief Anshory Yusuf, 2014. "International Commodity Prices and Inequality in Indonesia," Working Papers in Economics and Development Studies (WoPEDS) 201409, Department of Economics, Padjadjaran University, revised Jun 2014.
    12. Eduardo A. Haddad & Jaime Bonet-Morón & Gerson Javier Pérez-Valbuena, 2022. "Impacto regional de las regalías en Colombia," Documentos de trabajo sobre Economía Regional y Urbana 309, Banco de la Republica de Colombia.
    13. Bohlmann, Jessika & Bohlmann, Heinrich & Inglesi-Lotz, Roula & van Heerden, Jan, 2016. "An economy-wide evaluation of new power generation in South Africa: The case of Medupi and Kusile," Energy Policy, Elsevier, vol. 97(C), pages 450-460.
    14. Nong, Duy & Meng, Sam & Siriwardana, Mahinda, 2017. "An assessment of a proposed ETS in Australia by using the MONASH-Green model," Energy Policy, Elsevier, vol. 108(C), pages 281-291.
    15. Centeno, Maria Luz N., 2000. "Deforestation In The Philippines: A Cge Modelling Approach," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123619, Australian Agricultural and Resource Economics Society.
    16. Sam Meng & Tien Pham, 2017. "The impact of the Australian carbon tax on the tourism industry," Tourism Economics, , vol. 23(3), pages 506-522, May.
    17. Sam Meng & Mahinda Siriwardana & Judith McNeill, 2013. "The Environmental and Economic Impact of the Carbon Tax in Australia," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(3), pages 313-332, March.
    18. Joaquim Bento de Souza Ferreira Filho & Mark Horridge, 2004. "Regional Inequality, Poverty and Economic Integration in Brazil," ERSA conference papers ersa04p181, European Regional Science Association.
    19. Xianming Meng & Anthony Chin & Bligh Grant, 2015. "Long-run Effect of the Global Financial Crisis on Singapore's Tourism and the Economy," Asian Economic Journal, East Asian Economic Association, vol. 29(1), pages 41-60, March.
    20. World Bank, 2008. "Brazil : Evaluating the Macroeconomic and Distributional Impacts of Lowering Transportation Costs," World Bank Publications - Reports 8083, The World Bank Group.

    More about this item

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cop:wpaper:g-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Horridge (email available below). General contact details of provider: https://edirc.repec.org/data/cpmonau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.