A General Equilibrium Model of the World Wool Market
AbstractThis paper presents the theoretical and numerical structure of WOOLGEM – a general equilibrium model of the world wool market which treats raw wool, wool textiles and wool garments as heterogeneous commodities. The model divides the world wool market into nine geographical regions and production in each region amongst eight major industrial sectors, seven of which represent different production stages for wool and one representing the nonwool economy. The wool industrial sectors cover the full spectrum of activities from the production of greasy wool to wool garments. We use WOOLGEM to quantify the effects on Australian wool producers’ welfare of industry levies used to fund research and development at different stages of the wool chain.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 06-01.
Length: 38 pages
Date of creation: 2006
Date of revision:
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More information through EDIRC
raw wool; wool textiles; wool garments; computable general equilibrium; research benefits; multistage production;
Find related papers by JEL classification:
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- L79 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Other
- O39 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Other
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Harrison, W Jill & Pearson, K R, 1996.
"Computing Solutions for Large General Equilibrium Models Using GEMPACK,"
Society for Computational Economics, vol. 9(2), pages 83-127, May.
- W. Jill Harrison & K.R. Pearson, 1994. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Centre of Policy Studies/IMPACT Centre Working Papers ip-64, Monash University, Centre of Policy Studies/IMPACT Centre.
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