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| Stoeckel, Andrew B.; Higgs, Peter J.. |
| Australia faces a very serious trade problem. A large improvement in the balance of trade is required simply to stop its international debt from rising above levels which are already considered too high. In this paper, a range of economic policies are examined. Each generates a $A1 billion improvement (in 1985-86 prices) in the balance of trade after about 2 years. The following economic shocks are examined: an increase in world agricultural prices; a cut in real wages; a reduction in protection for manufacturing industries; a change in the tax mix in favour of indirect taxation; and a contraction in real domestic absorption. The impacts of these shocks are derived from simulations with ORANI, a computable general equilibrium model of the Australian... |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1988 |
URL: http://purl.umn.edu/22962 |
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| Stoeckel, Andrew B.. |
| The effects of mining sector growth are analysed with a five-sector general equilibrium model. The effect of the mineral discoveries is to cause the agricultural sector to contract, but to cause the import-competing sector to expand by a small amount--a result which differs from Gregory's (1976) analysis. However, a mining boom caused by increases in external demand, rather than by new discoveries, leads to a different set of results. Some likely effects of the boom on the growth rates of the different sectors in the economy are reported. Finally, the effects of an export tax on minerals are considered. |
| Tipo: Journal Article |
Palavras-chave: Community/Rural/Urban Development; Resource /Energy Economics and Policy. |
| Ano: 1979 |
URL: http://purl.umn.edu/22599 |
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