2007
DOI: 10.1016/j.econmod.2007.01.004
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A computable general equilibrium analysis of export taxes in the Australian wool industry

Abstract: We solve for Australia's optimal export tax on wool using a computable general equilibrium model -an aggregated version of the Monash Model. A key aspect of the analysis is the way in which we model short-run and long-run comparative statics. As opposed to varying the Armington elasticity which measures the degree of substitutability between domestic and imported goods, we contrast the unrestricted movement of primary factors of production with a specific-factors representation. We find that while results are … Show more

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Cited by 11 publications
(4 citation statements)
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“…For sensitivity analysis, the parameter values of some elasticities were varied to compare if the results from the simulations are different. This is a widely adopted method for robustness analysis (see Waschik and Fraser 2007; Meng, Siriwardana, and Pham 2013; Warr and Yusuf 2014). In our CGE model, the household expenditure elasticities for restaurants and hotels is 1.25, while that of the export demand elasticities for these products is 3.8.…”
Section: Resultsmentioning
confidence: 99%
“…For sensitivity analysis, the parameter values of some elasticities were varied to compare if the results from the simulations are different. This is a widely adopted method for robustness analysis (see Waschik and Fraser 2007; Meng, Siriwardana, and Pham 2013; Warr and Yusuf 2014). In our CGE model, the household expenditure elasticities for restaurants and hotels is 1.25, while that of the export demand elasticities for these products is 3.8.…”
Section: Resultsmentioning
confidence: 99%
“…Numerous studies have discussed the motivations behind this policy. The first motivation is to increase government revenue (Irwin, 2003; Waschik & Fraser, 2007). The second motivation is to appease the importing country and deter it from imposing explicit trade barriers, which is regarded as “voluntary export restraint” (Boyd & Krutilla, 1987; Dinopoulos & Kreinin, 1988; Yano, 1989).…”
Section: Related Literaturementioning
confidence: 99%
“…From the literature we could find some studies of impact analysis of export tax policy; Jakfar (2001), Gelan (2004), Waschik and Fraser (2007), Bouët and Debucquet (2010), and Solleder (2013) are among of them. The study of Jakfar (2001) evaluates the impact of the imposition of an export tax on the plywood sector in Indonesia.…”
Section: Economic Implications Of Export Taxes: Literature Reviewmentioning
confidence: 99%