Adaptation and Survival in Australian Agriculture: ˜a Œcomputable General Equilibrium Analysis of the Impact of Economic Shocks Originating Outside the Domestic Agricultural Sector
Peter John Higgs
Oxford University Press Australia & New Zealand, 1986 - History - 320 pages
This volume provides quantitative estimates of the effects of an array of economic changes on Australia's macroeconomy, industry structure, and farm incomes. It examines in detail such phenomena as fluctuations in world agricultural prices, the EEC Common Agricultural Policy, protection for manufacturing industries, expansion in the mineral resources sector, change in the tax mix in favor of indirect taxation, movement in the exchange rate, change in the real wage rate, and aggregate demand management.
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THE ORANI MODEL
S TYPICALYEAR AGRICULTURAL DATA BASE
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18 per cent additional foreign exchange aggregate employment agricultural commodities agricultural industries agricultural land agricultural sector Australian dollar balance of trade Barley base-period Blue Collar Cattle and Pigs cent depreciation cent i.e. cent increase cent indexed cent wage indexation cereal grains column composite commodity costs Cotton Ginning domestic endogenous equation exogenous expansion farm returns farm-gate price Farming Sugar Cane Farming Vegetables GDP deflator High Rainfall Zone household consumption increase in real industry output listed in Table long run Macroeconomic Recovery Package margin services meat cattle Meat Products sector Milk Cattle mineral resources sector Northern Beef Oilseeds output response Pastoral Zone percentage change percentage deviations pre-tax wage price of wool price rise primary factors projected to increase projections are percentage real absorption real net farm real NFR real wage rate share sheep tariff cut tax cuts transformation effects variables wheat Wheat-Sheep Zone wool wool/sheep woolgrowers world price zonal industries