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A General Equilibrium Analysis of a Major Project: The Multifunction Polis

Peter Dixon, Mark Horridge () and David T Johnson

Australian Economic Papers, 1992, vol. 31, issue 59, 272-90

Abstract: A general equilibrium model is used in an assessment of different proposals for the establishment in Australia of a high-technology city (an MFP). Our approach emphasizes the roles of prices and of economy-wide constraints. The results indicate that the welfare effects of the MFP depend critically on externalities and rates of return while the structural effects depend mainly on whether financing is domestic or foreign. Copyright 1992 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

Date: 1992
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Handle: RePEc:bla:ausecp:v:31:y:1992:i:59:p:272-90