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DROUGHT AND THE MULTIPLIER 1
Author(s) -
Duloy J.H.,
Woodland A.D.
Publication year - 1967
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1967.tb00029.x
Subject(s) - balance of payments , economics , multiplier (economics) , payment , agricultural economics , balance (ability) , environmental science , econometrics , monetary economics , macroeconomics , finance , psychology , neuroscience
The effects of a 20 per cent across‐the‐board drought‐year reduction in farm output upon G.N.P., imports and the balance of payments are estimated via an econometric mode of the Australian economy. The effects do not appear to be overly large and taper off rapidly in succeeding years.