Applied General Equilibrium Modelling and Labour Market Forecasting
Gerald Meagher (),
Philip Adams () and
Mark Horridge ()
Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre
This paper describes the application of the MONASH CGE model to labour market forecasting in Australia. The method consists of solving a top-down sequence of models that proceeds from a macro scenario to the CGE model to various labour market extensions. The extensions involve ex post processing of the MONASH results based on employment data from the census and a number of large sample surveys. Their purpose is to greatly increase the amount of information furnished by the simulations at modest additional cost, and hence to support the use of the system for analysing the efficient allocation of training resources.
JEL-codes: C68 D58 J21 J23 (search for similar items in EconPapers)
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