TY - JOUR
T1 - Linking national and multi-regional computable general equilibrium (CGE) models: The effects of an increase in award wage rates in Australia
AU - Dixon, Peter
AU - Madden, John
AU - Rimmer, Maureen
PY - 2010
Y1 - 2010
N2 - Linking national and multi-regional computable general equilibrium (CGE) models: the effects of an increase in award wage rates in Australia, Regional Studies. Wages for 20 of Australian workers are set by awards, reviewed annually in a centralized legal process. For the 2005 review, the economy-wide and regional effects of increases in awards were modelled. A top-down approach in which results from a national model, MONASH, are fed into a multi-regional model, MMRF, was adopted. This enabled the authors to produce regional results while taking advantage of detailed labour-market specifications that were available only in MONASH. In using MMRF, a limitation of previous top-down methods was overcome - the inability to handle shocks affecting cost relativities between regions.
AB - Linking national and multi-regional computable general equilibrium (CGE) models: the effects of an increase in award wage rates in Australia, Regional Studies. Wages for 20 of Australian workers are set by awards, reviewed annually in a centralized legal process. For the 2005 review, the economy-wide and regional effects of increases in awards were modelled. A top-down approach in which results from a national model, MONASH, are fed into a multi-regional model, MMRF, was adopted. This enabled the authors to produce regional results while taking advantage of detailed labour-market specifications that were available only in MONASH. In using MMRF, a limitation of previous top-down methods was overcome - the inability to handle shocks affecting cost relativities between regions.
U2 - 10.1080/00343400902926383
DO - 10.1080/00343400902926383
M3 - Article
SN - 0034-3404
VL - 44
SP - 1369
EP - 1385
JO - Regional Studies
JF - Regional Studies
IS - 10
ER -