Measuring Contributions to the Australian Economy: The Benefits of a Fast-Growing Motor Vehicle and Parts Industry

Peter Dixon and Maureen Rimmer

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: The contribution of an industry to the economy is often measured by an input-output calculation showing labour used directly in the industry and indirectly via the production of intermediate inputs for the industry. This paper demonstrates an alternative approach based on simulations with a dynamic computable general equilibrium model. Rather than measuring contribution in terms of resources used, we look at the potential contribution of an industry in terms of the effect on economic welfare of improved performance. We apply our methodology to the Australian motor vehicle industry by simulating the impact that this industry could make if it were to achieve higher productivity growth, higher export growth and the production of cars of greater appeal to Australian consumers.

Keywords: industry contribution; dynamic CGE analysis; input-output analysis; motor vehicle industry (search for similar items in EconPapers)
JEL-codes: C67 C68 (search for similar items in EconPapers)
Date: 2003-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Economic Papers, The Economic Society of Australia, vol. 23(1) 2004, pages 73-87, 03.

Downloads: (external link)
https://www.copsmodels.com/ftp/workpapr/g-138.pdf Initial version, 2003-05 (application/pdf)
https://www.copsmodels.com/elecpapr/g-138.htm Local abstract: may link to additional material. (text/html)

Related works:
Journal Article: MEASURING CONTRIBUTIONS TO THE AUSTRALIAN ECONOMY: THE BENEFITS OF A FAST-GROWING MOTOR VEHICLE AND PARTS INDUSTRY (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:g-138

Access Statistics for this paper

More papers in Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre Contact information at EDIRC.
Bibliographic data for series maintained by Mark Horridge ().