Multi-Region CGE Models
Economic impact analysis based on the input-output approach takes into account the direct impact of the project on regional economic activity, and some of the downstream effects of the induced demand for goods and services elsewhere in the economy. But it does not take into account structural adjustments brought about by large infrastructure and industry development projects. Computable General Equilibrium (CGE) modelling is generally appropriate in these types of analyses, particularly where the focus is on impacts at a state or national level.
The multi-region CGE model used by EconSearch recognises:
- producers classified by industry and domestic region;
- investors similarly classified;
- multiple region-specific household sectors; and
- aggregate foreign purchaser of the domestic economy’s exports.
The model contains explicit representation of intraregional and interregional trade flows based on the EconSearch in-house input-output database. As each region has been modelled separately, the model captures the changes in economic activity resulting from the impact event (improvement in productivity, infrastructure investment, etc) . Second and subsequent round effects are captured via the model’s input-output linkages and account for economy-wide and international constraints.
The core input-output database of the CGE model is based on the Monash MRF model (MMRF), a multi-region model of the Australian economy.
View Economic Modelling work undertaken by Econsearch.
Latest News
Adelaide Hills Investment Conference
25 February 2010: Julian Morison presented a paper to the highly successful Adelaide Hills Investment Conference held in Mount Barker and hosted by Regional Development Australia. His presentation on Regional Economics for the Investment Business Case can be downloaded here.
Release of the Northern Australia Land and Water Taskforce Report
8 February 2010: The Northern Australia Land and Water Taskforce (NALWT) has released their final report on the sustainable development of northern Australia. EconSearch contributed to three chapters (9, 10 and 11) of the Northern Australia Land and Water Science Review 2009, a report commissioned by the Taskforce and coordinated by CSIRO in collaboration with over 80 of Australia’s leading scientists. To access the Science Review and NALWT website click here.
Release of Preliminary Economic Indicator Reports
21 December 2009: Preliminary Economic Indicator reports for the commercial fisheries of South Australia have been released for 2008/09. Click here to download the reports.
State of SA Book Launch
4 November 2009: Julian Morison and Lisa Rippin attended a launch for the book titled State of South Australia: From Crisis to Prosperity? held at the Art Gallery of SA and launched by the Premier, The Hon Mike Rann MP. Julian and Lisa together with Matthew Ferris authored one of the book’s chapters, 'South Australian Regions'.