Agricultural processing and the WA economy : A general equilibrium analysis
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Date
2022-01-20
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Abstract
This paper investigates the impact of an expansion in agricultural processing on the westen Australian economy by modifying and applying a computable general equilibrium (CGE) economics modle of westen Australion called (WAM). WAM was used to simulate the effects of SI million expansion in eight agriculture processing industries.The results show that there is arange of positive impacts from agricultural processing on average a SI million expansion in agricultural processing is estimated to increase the states GSP (Gorss State Product) by $ 649.000 and total output by $ 1.9 million. The expansion of the wine and spirits industry is estimated to have the largest impact while the textile fibers, yams and woven fabrics industry has the smallest impact on the western Australion economy
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Economy, Australian Economy, Industries