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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. Gregory, R.G., 1976. "Some Implications Of The Growth Of The Mineral Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 1-21, August.
    4. 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.
    5. 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.
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    Cited by:

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    2. Tendai Gwatidzo, 2025. "Analysing the impact of climate change on economic growth in the SADC region a synthetic control approach," Working Papers 11091, South African Reserve Bank.
    3. Kodzovi Senu Abalo & Boehlert,Brent & Bui,Thanh & Andrew Burns & Castillo,Diego & Unnada Chewpreecha & Alexander Haider & Stephane Hallegatte & Charl Jooste & Florent McIsaac & Heather Jane Ruberl & S, 2025. "The Macroeconomic Implications of Climate Change Impacts and Adaptation Options : A Modeling Approach," Policy Research Working Paper Series 11133, The World Bank.
    4. 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.
    5. 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.

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