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MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models

Author

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  • Philip D. Adams
  • Mark Horridge
  • Glyn Wittwer

Abstract

This is a guide to the variable dimension version of MMRF-GREEN, a dynamic multi-regional, fiscal model of the economy of Australia. We first detail the multi-regional core of the model. Then we introduce dynamics to the model. A section on the fiscal extension of the model follows. A subsequent section details enhancements designed to improve the model's capability for environmental analysis.

Suggested Citation

  • Philip D. Adams & Mark Horridge & Glyn Wittwer, 2003. "MMRF-GREEN: A Dynamic Multi-Regional Applied General Equilibrium Model of the Australian Economy, Based on the MMR and MONASH Models," Centre of Policy Studies/IMPACT Centre Working Papers g-140, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:g-140
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    References listed on IDEAS

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    1. Paul S. Armington, 1970. "Adjustment of Trade Balances: Some Experiments with a Model of Trade among Many Countries (Ajustement de la balance commerciale: quelques expériences avec un modèle d'échanges internationaux) (El a," IMF Staff Papers, Palgrave Macmillan, vol. 17(3), pages 488-526, November.
    2. Mark Horridge, 2000. "ORANI-G: A General Equilibrium Model of the Australian Economy," Centre of Policy Studies/IMPACT Centre Working Papers op-93, Victoria University, Centre of Policy Studies/IMPACT Centre.
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    Citations

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    Cited by:

    1. Hielke Buddelmeyer & Nicolas Hérault & Guyonne Kalb & Mark van Zijll de Jong, 2012. "Linking a Microsimulation Model to a Dynamic CGE Model: Climate Change Mitigation Policies and Income Distribution in Australia," International Journal of Microsimulation, International Microsimulation Association, vol. 5(2), pages 40-58.
    2. Horridge, Mark & Wittwer, Glyn, 2008. "SinoTERM, a multi-regional CGE model of China," China Economic Review, Elsevier, vol. 19(4), pages 628-634, December.
    3. Santos, Gervasio F. & Haddad, Eduardo A. & Hewings, Geoffrey J.D., 2013. "Energy policy and regional inequalities in the Brazilian economy," Energy Economics, Elsevier, vol. 36(C), pages 241-255.
    4. Wittwer, Glyn & McKirdy, Simon & Wilson, Ryan, 2005. "Regional economic impacts of a plant disease incursion using a general equilibrium approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-15.
    5. Alyson S Barratt & Matthieu H Arnoult & Bouda Vosough Ahmadi & Karl M Rich & George J Gunn & Alistair W Stott, 2018. "A framework for estimating society's economic welfare following the introduction of an animal disease: The case of Johne's disease," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-26, June.
    6. Bouët Antoine & Laborde-Debucquet David & Dienesch Elisa & Elliott Kimberly, 2012. "The Costs and Benefits of Duty-Free, Quota-Free Market Access for Poor Countries: Who and What Matters," Journal of Globalization and Development, De Gruyter, vol. 3(1), pages 1-27, June.
    7. Ranjith Ihalanayake, 2012. "Economic Effects of Tourism Tax Changes in Australia: Empirical Evidence from a Computable General Equilibrium Model," Tourism Economics, , vol. 18(1), pages 181-202, February.
    8. Glyn Wittwer & Peter Dixon, 2004. "Forecasting the Economic impact of an industrial stoppage using a dynamic, computable general equilibrium model," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 7(1), pages 39-51, March.
    9. Mark Horridge, 2011. "The TERM model and its data base," Centre of Policy Studies/IMPACT Centre Working Papers g-219, Victoria University, Centre of Policy Studies/IMPACT Centre.
    10. Hielke Buddelmeyer & Nicolas Hérault & Guyonne Kalb & Mark van Zijll de Jong, 2009. "Linking a Dynamic CGE Model and a Microsimulation Model: Climate Change Mitigation Policies and Income Distribution in Australia," Melbourne Institute Working Paper Series wp2009n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    11. Briones, Roehlano M., 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model (PRGEM)," Discussion Papers DP 2009-03, Philippine Institute for Development Studies.
    12. Ye, Qiang, 2008. "Commodity booms and their impacts on the Western Australian economy: The iron ore case," Resources Policy, Elsevier, vol. 33(2), pages 83-101, June.
    13. Glyn Wittwer & Simon McKirdy & Ryan Wilson, 2003. "Analysing the Economic Impacts of a Plant Disease Incursion Using a General Equilibrium Approach," Centre of Policy Studies/IMPACT Centre Working Papers op-97, Victoria University, Centre of Policy Studies/IMPACT Centre.
    14. Mark Horridge & John Madden & Glyn Wittwer, 2003. "Using a highly disaggregated multi-regional single-country model to analyse the impacts of the 2002-03 drought on Australia," Centre of Policy Studies/IMPACT Centre Working Papers g-141, Victoria University, Centre of Policy Studies/IMPACT Centre.
    15. G.A. Meagher & P.D. Adams & Felicity Pang, 2014. "Climate Change Mitigation, Economic Growth and the Distribution of Income," Centre of Policy Studies/IMPACT Centre Working Papers g-247, Victoria University, Centre of Policy Studies/IMPACT Centre.
    16. Wittwer, Glyn, 2006. "Modelling future urban and rural water requirements in a CGE framework," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139928, Australian Agricultural and Resource Economics Society.
    17. Eduardo Amaral Haddad & Edson Paulo Domingues & Fernando Salgueiro Perobelli & Eduardo Simões de Almeida & Carlos Roberto Azzoni & Joaquim J. M. & Guilhoto Fabio Kanczuk, 2010. "Impactos Econômicos Das Mudanças Climáticas No Brasil," Anais do XIV Semin·rio sobre a Economia Mineira [Proceedings of the 14th Seminar on the Economy of Minas Gerais], in: Anais do XIV Seminário sobre a Economia Mineira [Proceedings of the 14th Seminar on the Economy of Minas Gerais], Cedeplar, Universidade Federal de Minas Gerais.
    18. Qiang Ye, 2006. "Commodity Booms and Their Impacts on the Western Australian Economy: The Iron Ore Case," Economics Discussion / Working Papers 06-18, The University of Western Australia, Department of Economics.
    19. Glyn Wittwer & Mark Horridge, 2018. "Prefectural Representation of the Regions of China in a Bottom-up CGE Model: SinoTERM365," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 3(2), pages 178-213, December.
    20. Peter B. Dixon & Maureen T. Rimmer & Glyn Wittwer, 2011. "Saving the Southern Murray‐Darling Basin: The Economic Effects of a Buyback of Irrigation Water," The Economic Record, The Economic Society of Australia, vol. 87(276), pages 153-168, March.
    21. Mark Horridge & Glyn Wittwer, 2006. "The Impacts of Higher Energy Prices on Indonesia’s and West Java’s Economies using INDOTERM, a Multiregional Model of Indonesia," Working Papers in Economics and Development Studies (WoPEDS) 200607, Department of Economics, Padjadjaran University, revised Aug 2006.
    22. Horridge, Mark & Madden, John & Wittwer, Glyn, 2005. "The impact of the 2002-2003 drought on Australia," Journal of Policy Modeling, Elsevier, vol. 27(3), pages 285-308, April.
    23. Roehlano M. Briones, 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model," Development Economics Working Papers 22617, East Asian Bureau of Economic Research.

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    More about this item

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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