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Understanding the World Wool Market: Trade, Productivity and Grower Incomes. Part 3: A Model of the World Wool Market

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  • George Verikios

    (UWA Business School, The University of Western Australia)

Abstract

This is Chapter 3 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. The full thesis is available as Discussion Papers 06.19 to 06.24. The purpose of this chapter is twofold: first, to present the theoretical structure of the model to be applied in Chapters 5 and 6; second, to derive alternative model closures. This and the next section provide a brief overview of the methodology underlying the theoretical structure of the model.

Suggested Citation

  • George Verikios, 2006. "Understanding the World Wool Market: Trade, Productivity and Grower Incomes. Part 3: A Model of the World Wool Market," Economics Discussion / Working Papers 06-21, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:06-21
    as

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    File URL: https://ecompapers.biz.uwa.edu.au/paper/PDF%20of%20Discussion%20Papers/2006/06_21_Verikios.pdf
    File Function: First version, 2006
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    References listed on IDEAS

    as
    1. Hertel, Thomas W. & Mark Horridge, J. & Pearson, K. R., 1992. "Mending the family tree a reconciliation of the linearization and levels schools of AGE modelling," Economic Modelling, Elsevier, vol. 9(4), pages 385-407, October.
    2. Harrison, W Jill & Pearson, K R, 1996. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Computational Economics, Springer;Society for Computational Economics, vol. 9(2), pages 83-127, May.
    3. Matthew W. Peter & Mark Horridge & G.A.Meagher & Fazana Naqvi & B.R.Parmenter, 1996. "The Theoretical Structure of MONASH-MRF," Centre of Policy Studies/IMPACT Centre Working Papers op-85, Victoria University, Centre of Policy Studies/IMPACT Centre.
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    Cited by:

    1. George Verikios, 2008. "The costs of global tariff barriers on wool products: 1997–2005," Agricultural Economics, International Association of Agricultural Economists, vol. 39(1), pages 87-101, July.
    2. Verikios, George, 2009. "Modelling the world wool market: A hybrid approach," Economic Modelling, Elsevier, vol. 26(2), pages 418-431, March.

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