IDEAS home Printed from https://ideas.repec.org/p/ags/ircipa/295211.html
   My bibliography  Save this paper

An Intertemporal Applied General Equilibrium Model Based On Orani

Author

Listed:
  • Malakellis, Micheal

Abstract

The ORANI model of the Australian economy [Dixon, Parmenter, Sutton and Vincent (1982)] has been used extensively to analyse issues involving the composition of the economy. ORANI is essentially comparative static in nature; it does not project the trajectory of the economy between the initial point at which a shock occurs and the new equilibrium configuration. Even in the forecasting version of ORANI, ORANI-F [Parmenter (1988)], results show only average annual growth rates over the length of run simulated. The usefulness of intertemporal applied general equilibrium models is well documented (see for example Dixon (1990), Dixon and Parmenter (1990) and Dixon, Parmenter, Powell and Wilcoxen (forthcoming)). The purpose of this paper is to describe a computational approach to an intertemporal elaboration of ORANI. This implementation is motivated by the work of Dixon and Parmenter (1990). The prototype model described here offers the prospect of comparative dynamic 'simulations with a detailed applied general equilibrium model.

Suggested Citation

Handle: RePEc:ags:ircipa:295211
DOI: 10.22004/ag.econ.295211
as

Download full text from publisher

File URL: https://ageconsearch.umn.edu/record/295211/files/melbourne064.pdf
Download Restriction: no
File URL: https://libkey.io/10.22004/ag.econ.295211?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;

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:ags:ircipa:295211. 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.

We have no bibliographic references for this item. You can help adding them by using 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: AgEcon Search (email available below). General contact details of provider: .

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.