An Empirical Analysis of the Effects of a Change in the Mix of Direct and Indirect Taxation

Meagher, Gerald

doi:10.1111/j.1467-8454.1986.tb00832.x

Cited by 2 publications

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“…Fiscal versions of ORANI were developed by Meagher (1983Meagher ( , 1986), Meagher and Parmenter (1985) and by Dee (1989). Fiscal versions of ORANI were developed by Meagher (1983Meagher ( , 1986), Meagher and Parmenter (1985) and by Dee (1989).…”

Section: Fiscal Versions Of Oranimentioning

confidence: 99%

“…Since the original green-book version of ORANI lacked all but a rudimentary treatment of the tax system, it was unsuited to the analysis of fiscal policy. Fiscal versions of ORANI were developed by Meagher (1983Meagher ( , 1986, Meagher and Parmenter (1985) and by Dee (1989). The work by Meagher was used extensively in contributions to the debate on the tax mix, while Dee's even more elaborate treatment of the tax system led to her FH-ORANI version of the model becoming the standard in the Industry Commission.…”

Section: Fiscal Versions Of Oranimentioning

confidence: 99%

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A Decade of Applied General Equilibrium Modelling at the University of Melbourne

Powell

1993

J of App Econs and Policy

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a7 1982); namely, the development of the GEMPACK computer modelling environment. In Section 6 some significant applied GE developments with less of an ORANI focus are mentioned. Section 7 contains details of graduate student involvement: whilst viewing their professional formation as part of the "tool-kit" strains the analogy somewhat, this investment in human capital is of importance comparable to the methodological developments surveyed.2. Survey of review papers 2.1 Relationship of applied general equilibrium to macro models By the late 'seventies policy economists had become used to the idea that there was more than one sort of model available. Applied macro modellers and members of the newer school of applied general equilibrium economics behaved as if the other party simply did not exist. At the beginning of the decade under review I explored the scope for reconciliation between the two schools (Powell, 1981), and saw some hope of rapprochement between them. This was evident in the success of Cooper and McLaren (1980, 1982; see also Cooper, 1983, andPowell, 1985) in interfacing a small continuous-time macro model (RBII) with a large applied general equilibrium model (ORANI).Parsell, Powell and Wilcoxen (1989,1991) noted that the developments in theoretical open-economy macro models of the 1980s had been taken up by some applied workers (as in the Murphy Model by Chris Murphy and in the MSG2 Model by Warwick McKibbin and Jeffrey Sachs), and that this had considerably narrowed the gap between applied GE and macm-modelsconsequently, the chances for a synthesis of the two schools had never looked better. This was because the new applied macro modellers were insisting that their models converged over time to neo-classically interpretable steady states or balanced growth paths: this implied, among other things, that agents (including governments) were restrained by intertemporal budget constraints.Cooper and McLaren's work was recently revived using a modern macro model with rational expectations in financial markets (Breece. McLaren, Murphy and Powell, 1991). Although some conflicts in model design remained

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Section: Fiscal Versions Of Oranimentioning

confidence: 99%

Section: Fiscal Versions Of Oranimentioning

confidence: 99%

A Decade of Applied General Equilibrium Modelling at the University of Melbourne

Powell

1993

J of App Econs and Policy

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Recent Developments in Forecasting With the Orani Model

Dixon

Parmenter

1988

Australian Economic Papers

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Since late in 1985 we have been developing the ORANI computable general equilibrium model of the Australian economy (Dixon, Parmenter, Sutton and Vincent, DPSV, 1982) as a vehicle for malting medium-run forecasts. We interpret ORANI as a set of relationships between annual growth rates of the variables and we add some simple dynamic equations for variables whose future values depend essentially on initial conditions. Examples are investment and the ratio of the net foreign debt to the GDP. (See Dixon, Parmenter and Horridge, 1986.) Then, outside the model, we compile a detailed scenario about likely developments over the forecast period in variables which are to be exogenous in the forecasting simulations. Typically these include world prices, world interest rates, rates of protection against imports, demographic variables, labour force and technology. Finally, we use the augmented version of ORANI t o project the annual growth rates of the model's endogenous variables over the medium term (say 6 years), conditional upon the scenario for the exogenous variables.

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An Empirical Analysis of the Effects of a Change in the Mix of Direct and Indirect Taxation

Cited by 2 publications

References 1 publication

A Decade of Applied General Equilibrium Modelling at the University of Melbourne

A Decade of Applied General Equilibrium Modelling at the University of Melbourne

Recent Developments in Forecasting With the Orani Model

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