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Regional economic impacts of a plant disease incursion using a general equilibrium approach
Journal article   Peer reviewed

Regional economic impacts of a plant disease incursion using a general equilibrium approach

G. Wittwer, S.J. McKirdy and R. Wilson
The Australian Journal of Agricultural and Resource Economics, Vol.49(1), pp.75-89
2005
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Abstract

The present study uses a dynamic multiregional computable general equilibrium (CGE) model to estimate the micro- and macroeconomic effects of a hypothetical disease or pest outbreak. Our example is a Karnal bunt incursion in wheat in Western Australia. The extent of the incursion, the impact of the disease or pest on plant yields, the response of buyers, the costs of eradication and the time path of the scenario contribute to outcomes at the industry, regional, state and national levels. We decompose the contribution of these individual direct effects to the overall impact of the incursion. This might provide some guidance regarding areas for priority in attempting to eradicate or minimise the impacts of a disease or pest. The study also introduces a theory of dynamic regional labour adjustment in which economic events may lead to both real wage differentials and worker migration between regions.

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Citation topics
1 Clinical & Life Sciences
1.148 Medical Mycology
1.148.2142 Yeast Diversity
Web Of Science research areas
Agricultural Economics & Policy
Economics
ESI research areas
Economics & Business
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