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Explaining regional economic performance: An historical application of a dynamic multi-regional CGE model

  • James Giesecke

    ()

    (Centre for Regional Economic Analysis, University of Tasmania, GPO Box 252-90, Hobart Australia 7001)

A multi-regional dynamic computable general equilibrium model of the Australian economy (federal-f) is used to identify the causes of the divergent growth performance of two Australian regional economies (Tasmania and the rest of Australia) over the period 1992-1993 to 1998-1999. These causes are traced to a large number of structural and policy changes in the two economies. Ultimately, no simple or mono-causal explanation for the divergent growth experience is found - the relatively slow growth of the Tasmanian economy is the net effect of a large number of countervailing influences. Nevertheless, from among these many influences, it is possible to distinguish those that had a sizeable impact from those that had a negligible impact.

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Article provided by Springer in its journal Papers in Regional Science.

Volume (Year): 81 (2002)
Issue (Month): 2 ()
Pages: 247-278

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Handle: RePEc:spr:presci:v:81:y:2002:i:2:p:247-278
Note: Received: 29 February 2000
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