Applied General Equilibrium
Over the last 20 years, applied general equilibrium (AGE) modelling has developed from a small academic research program into a routinely used policy assessment tool. Major governments and international agencies maintain AGE research groups, and call for
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John Piggott and John Whalley (Editors)
Applied General Equilibrium With 7 Figures
Physica-Verlag Heidelberg
Editorial Board Wolfgang Franz, University ofKonstanz, FRG Baldev Raj, Wilfrid Laurier University, Waterloo, Canada Andreas Worgotter, Institute for Advanced Studies, Vienna, Austria
Editors Professor Dr. John Piggott, School of Economics, University of New South Wales, Sydney, Australia & Research School of Social Sciences, Australian National University, GPO Box 4, Canberra 2601, Australia Professor Dr. John Whalley, Department of Economics, University of Western Ontario, London, Canada N 6A 5 C2 & National Bureau of Economic Research, Cambridge, Mass., USA
First published in "Empirical Economics" Vol. 16, No.1, 1991
ISBN 978-3-642-50169-2 ISBN 978-3-642-50167-8 (eBook) DOl 10.1007/978-3-642-50167-8 CIP-Titelaufnahme der Deutschen Bibliothek Applied general equilibrium I John Piggott and John Whalley (eds.). - Heidelberg: Physica-Verl., 1991 (Studies in empirical economics) ISBN 978-3-642-50169-2 NE: Piggott, John [Hrsg.] This work is subject to copyright. All rights are reserved, whether the whole or part ofthe material is concerned, specifically the rights of translation, reprinting, reuse of illustration, recitation, broadcasting, reproduction on microfilms or in other ways, and storage in data banks. Duplication of this publication or parts thereofis only permitted under the provisions ofthe German Copyright Law of September 9,1965, in its version of June 24, 1985, and a copyright fee must always be paid. Violations fall under the prosecution act of the German Copyright Law. © Physica-Verlag Heidelberg 1991 Softcover reprint of the hardcover 1st edition 1991 The use of registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
710017130-543210
Contents
ORANI Projections for the Australian Economy for 1989 to 2020 with Special Reference to the Land Freight Industry P. B. Dixon, M. Horridge and D. T. Johnson. . . . . . . . . . . .
3
Public Good Provision Rules and Income Distribution: Some General Equilibrium Calculations J. Piggott and J. Whalley. . . . . . . . . . . . . . . . . . . . . . ..
25
The Pagan-Shannon Approximation: Unconditional Systematic Sensitivity in Minutes R. M. Wigle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
35
A Long Term Model of Oil Markets, Economic Growth and Balance of Payment Constraints A. S. Manne and T. F. Rutherford. . . . . . . . . . . . . . . . . ..
51
A General Equilibrium Appraisal of Energy Policy in Mexico T. J. Kehoe and J. Serra-Puche. . . . . . . . . . . . . . . . . . . ..
71
An Empirical Database for a General Equilibrium Model of the European Communities G. W. Harrison, T. F. Rutherford and I. Wooton. . . . . . . . ..
95
Three Variants ofthe Whalley Model of Global Trade T. T. Nguyen and R. M. Wigle . . . . . . . . . . . . . . . . . . . ..
121
Indust
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