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Prospects for Some Australian Corporations Derived from a General Equilibrium Model
Author(s) -
Higgs Peter J.
Publication year - 1991
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1991.tb00401.x
Subject(s) - computable general equilibrium , weighting , general equilibrium theory , economics , revenue , economy , macroeconomics , econometrics , finance , medicine , radiology
The ORANI computable general equilibrium model of the Australian economy has traditionally been used to estimate the effects of changes in the economy on industries. In this article the ORANI model is extended to include corporations. Medium‐run forecasts of the Australian economy over the period 1988‐95 89 to 1994‐95 are used to estimate the effects on revenue and costs for selected corporations. These forecasts are generated by weighting the industry projections by the holdings of corporations across industries.