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Agricultural Processing and the WA Economy: A General Equilibrium Analysis AgEcon
Johnston, Peter; Islam, Nazrul.
This paper investigates the impact of an expansion in agricultural processing on the Western Australian economy by modifying and applying a Computable General Equilibrium (CGE) economic model of Western Australia (called WAM). WAM was used to simulate the effects of a $1 million expansion in eight agricultural processing industries. The results show that there is a range of positive impacts from agricultural processing. On average, a $1 million expansion in agricultural processing is estimated to increase the State’s GSP (Gross State Product) by $649,000, and total output by $1.9 million. The expansion of the Wine and spirits industry is estimated to have the largest impact while the Textile fibres, yarns and woven fabrics industry has the smallest impact...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural processing; CGE model; Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/57901
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