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Registros recuperados: 16
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A Computable General Equilibrium (CGE) Analysis of the Impact of an Oil Price Increase in South Africa AgEcon
McDonald, Scott; van Schoor, Melt.
Following recent international oil price increases, there has been considerable interest in how this external factor can affect the South African economy. This paper reports results from a computable general equilibrium (CGE) analysis of an increase (up to 30 per cent) in international oil prices. Background information is provided, which puts the magnitude of the price variations in historical context. We describe the procedure used to adjust the social accounting matrix (SAM), which is used to calibrate the model, to account explicitly for crude oil. Then, the effects of the crude oil price increase are traced through the economy, from markets, industries through to factors, households and the government. Predictably, the shock hurts the economy: a 20...
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/15633
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Compiling National, Multiregional and Regional Social Accounting Matrices for South Africa AgEcon
van Schoor, Melt; Punt, Cecilia; McDonald, Scott.
This report provides a technical description of the development of a set of Social Accounting Matrices (SAMs) for South Africa for the base year 2000. The set of SAMs consists of a national SAM, four regional SAMs and a multiregional SAM. The point of departure is a National Accounting Matrix (NAM) for South Africa. The report discusses the structure of each type of SAM, the main data sources that were used and the way in which different sets of data were organised for inclusion in the SAM. Entropy techniques were used to estimate missing information in order to derive complete and consistent SAMs. The theory and practical implementation of the entropy techniques are discussed in this report. The large number of accounts included in the SAMs warranted that...
Tipo: Working or Discussion Paper Palavras-chave: General Equilibrium and Disequilibrium; Research Methods/ Statistical Methods; D5.
Ano: 2006 URL: http://purl.umn.edu/58067
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Costs and benefits of higher tariffs on wheat imports to South Africa AgEcon
McDonald, Scott; Punt, Cecilia; Rantho, Lillian; van Schoor, Melt.
Low international wheat prices, caused by tariffs and subsidies in developed countries, have been blamed for causing financial difficulty to South African farmers. While indignation at unfair trade practices may be valid, it does not necessarily follow that protection of the local industry is the best response. This study uses a static general equilibrium model to describe and quantify the effects of increased tariffs (by up to 25 percentage points) on the local wheat industry, other affected industries-- particularly downstream industries-- and the economy at large. The effects on factors, households and the government are also analysed. The results show that the benefits to the wheat industry are highly concentrated and smaller than the loss of income...
Tipo: Journal Article Palavras-chave: Computable general equilibrium (CGE); Wheat; Import tariffs; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/6031
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Costs and Benefits of Higher Tariffs on Wheat Imports to South Africa - A General Equilibrium Analysis AgEcon
McDonald, Scott; Punt, Cecilia; Rantho, Lillian; van Schoor, Melt.
Low international wheat prices caused by tariffs and subsidies in developed countries have been blamed for causing financial difficulty to local farmers. While the indignation at these unfair trade practices may be valid, it does not follow that protection of the local industry is necessarily the best course of action. This paper uses a static general equilibrium model to describe and quantify the effects of increased tariffs (by up to 25 percentage points) on the local wheat industry, other affected industries, particularly downstream industries, and the economy at large. Additionally, the effects on factors, households and the government are also analysed. The results show that the benefits to the wheat industry are highly concentrated and smaller than...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/15635
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General Equilibrium Effects in the South African Maize Market: International Trade Simulations AgEcon
van Schoor, Melt.
Following deregulation in the 1990's the South African maize producing industry has been suffering a gradual decline. Current low prices suggest that this trend may continue or worsen. This paper discusses the results from a static general equilibrium model for the South African economy to evaluate the effects on the economy. The analysis covers summer cereals producing agricultural regions, production in other sectors in the economy, commodity markets and the economy at large. Additionally, the effects on factors, households and the government are analysed. The first set of experiments is aimed to evaluate the effects of an increase in import tariffs on summer cereals. The results indicate that under normal conditions South Africa will experience little...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/15632
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SeeResults: A Spreadsheet Application for the Analysis of CGE Model Results AgEcon
van Schoor, Melt; McDonald, Scott; Punt, Cecilia.
CGE models tend to produce large amounts of result data, and it can be difficult and timeconsuming to view, import, process and keep track of these. SeeResults is an Excel-based spreadsheet application that has been developed within the PROVIDE project to facilitate viewing results and producing presentation output, such as charts. It effectively functions as a GDX (a binary format used for output from GAMS) file viewer, and has been designed to be flexible, user-friendly and immediately usable with minimal configuration. This paper describes the rationale for the application, its main features, a number of screen captures and implementation notes.
Tipo: Working or Discussion Paper Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 2004 URL: http://purl.umn.edu/15624
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The Impact of a Higher Fuel Levy on the Western Cape AgEcon
Reynolds, Sanri; van Schoor, Melt.
The Western Cape Provincial Government's proposal to introduce a provincial fuel levy within a band of 10 and 50 cents per litre raises concerns on the impact this may have on the economy, especially at a time of high international oil prices. This study reports the results of a computable general equilibrium (CGE) analysis of the impact of higher tax rates on petroleum products on the economy, with specific focus on prices, employment and household expenditure. The results show that increasing the tax rate on petroleum products results in higher petroleum prices, which again put upward pressure on intermediate input costs. Households in the Western Cape will experience a decrease in per capita expenditure, as unemployment increases and returns to factors...
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/15631
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The impact of property rates on agricultural land, focusing on Gauteng AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the other...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58209
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The impact of property rates on agricultural land, focusing on Limpopo AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58071
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The impact of property rates on agricultural land, focusing on Mpumalanga AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58207
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The impact of property rates on agricultural land, focusing on North West AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58208
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The impact of property rates on agricultural land, focusing on the Eastern Cape AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the other...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58095
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The impact of property rates on agricultural land, focusing on the Free State AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58070
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The impact of property rates on agricultural land, focusing on the KwaZulu-Natal AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the other...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58096
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The impact of property rates on agricultural land, focusing on the Northern Cape AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58093
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Imprime registro no formato completo
The impact of property rates on agricultural land, focusing on the Western Cape AgEcon
Reynolds, Sanri; van Schoor, Melt.
Municipalities across the country are in the process of implementing property rates on all property, following the Local Government: Property Rates Act (2004) that came into effect on 1 July 2005. This study investigates the economic impact of property rates on agricultural land, using a static computable general equilibrium model. The direct and indirect effects of property rates on the macro-economy, factor incomes, household welfare, prices and agricultural output are discussed. The results indicate that the impact of raising property rates depends on the use made of the additional revenue by government. There is a small negative impact on the economy and the overall welfare of households decline if government spends the additional revenue. On the...
Tipo: Working or Discussion Paper Palavras-chave: Computable General Equilibrium Models; Research Methods/ Statistical Methods; C68.
Ano: 2006 URL: http://purl.umn.edu/58091
Registros recuperados: 16
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