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The ORANI approach to quantitative modelling of the Australian agricultural sector

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  • D. P. VINCENT

Abstract

ORANI is a very large multisectoral general equilibrium model built as part of the IMPACT Project, a joint endeavour by several agencies of the Australian government in conjunction with the University of Melbourne. It contains a number of innovations, some of which refer specifically to agriculture. This paper summarises the ORANI approach to the quantitative modelling of the Australian agricultural sector. Topics addressed include: the input-output data base required to specify an agricultural model within an economy-wide framework, the theory needed to describe the data, solution method, and model applications to contemporary policy issues. Experience from the Project emphasises (i) the value of a sound theoretical foundation to large scale model building and (ii), the importance of analysing agricultural economic policy issues within a framework which captures both direct and indirect linkages with the non-agricultural domestic economy.

Suggested Citation

  • D. P. Vincent, 1982. "The ORANI approach to quantitative modelling of the Australian agricultural sector," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 9(4), pages 415-442.
  • Handle: RePEc:oup:erevae:v:9:y:1982:i:4:p:415-442.
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    File URL: http://hdl.handle.net/10.1093/erae/9.4.415
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    Cited by:

    1. Colman, David R., 1983. "A Review of the Arts of Supply Response Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 0(Number 03), pages 1-30, December.

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