Documentation is common to the whole family of national TERM models, since the theory behind each national TERM model is the same.

While each national TERM model uses a specific national database, the theoretical structure of each national TERM model is identical.

Related

Journals, books & other references

TERM theory and database compilation for the common TERM model have been extensively documented in:

  • Horridge, J.M., (2012) “The TERM model and its data base”, in Wittwer G. (Ed.) Economic Modelling of Water: The Australian CGE Experience, Springer, Dordrecht, Netherlands, Chapter 2.

See these examples of policy applications of national TERM models for China, Australia, Brazil and other countries:

  • de Souza Ferreira Filho, J. B., Ribera,L., Horridge, J. M. (2015), "Deforestation Control and Agricultural Supply in Brazil", American Journal of Agricultural Economics, vol. 97 (2), pp. 589-601.
  • Zawalinska, K., J. Giesecke, and M. Horridge (2013), "The consequences of LFA support: a multi-regional CGE analysis for Poland", Agricultural and Food Science, Vol. 22(2), pp. 272-287.
  • Wittwer G., (2012), "Economic Modeling of Water: The Australian CGE Experience", Springer, Dordrecht, Netherlands. The book focuses on the application on a specially-adapted dynamic version of the TERM model to Australian drought problems and water-management policies.
  • Wittwer, G. (2011), "Confusing policy and catastrophe: buybacks and drought in the Murray-Darling Basin", Economic Papers 30(3): 289-295.
  • Wittwer, G. and Griffith, M. (2011), "Modelling drought and recovery in the southern Murray-Darling basin", Australian Journal of Agricultural and Resource Economics. 55(3): 342-359.
  • Dixon, P., Rimmer, M. and Wittwer, G. (2011), "Saving the Southern Murray-Darling Basin: the Economic Effects of a Buyback of Irrigation Water", Economic Record, 87(276): 153-168.
  • Horridge, J.M. and G. Wittwer (2009),"A multi-regional representation of China’s agricultural sectors", China Agricultural Economic Review, [2009 Volume 1, Issue 4, pp. 420 - 434]
  • Horridge, J.M. and G. Wittwer (2008),"The economic impacts of a construction project, using SinoTERM, a multi-regional CGE model of China", China Economic Review, Vol.19, Issue 4, Dec. 2008, pp. 628-634.
  • Horridge, J.M., Madden, J.R. and G. Wittwer (2005), "The impact of the 2002-03 drought on Australia", Journal of Policy Modeling, Vol 27/3, pp. 285-308.

TERM is coded and implemented in GEMPACK. A good introduction to the implementation of a large-scale CGE model in GEMPACK is:

TERM is the latest in CoPS’ regional CGE modelling development efforts. The group has a 40-year history of achievement in regional CGE modelling.

Other references useful to understanding the structure, applications and interpretation of regional CGE models are:

  • Adams, P. D., Parmenter, B. R. & Verikios, G., 2014, ‘‘An Emissions Trading Scheme for Australia: National and Regional Impacts’‘, Economic Record, Vol. 90 (290), pp. 316-44.
  • Giesecke, J. A. and Madden, J.R. (2013), “Regional computable general equilibrium modeling”,in P.B. Dixon and D. Jorgenson (Eds) Handbook of Computable General Equilibrium Modeling, North Holland.
  • Giesecke, J.A. (2011), “Development of a large-scale single U.S. region CGE model using IMPLAN data: A Los Angeles County example with a productivity shock application”, Spatial Economic Analysis, Vol. 6(3), pp. 331-350.
  • Dixon, P., John R. Madden and Maureen T. Rimmer, (2010), “Linking national and multi-regional CGE models: the effects of an increase in award wage rates in Australia”, Regional Studies, Vol. 44(10), December, pp. 1369-85. 
  • Giesecke, J.A., J.M. Horridge and J.A. Scaramucci (2009), “Brazilian Regional Structural Adjustment to Rapid Growth in Global Ethanol Demand”, Studies in Regional Science, Vol. 39(1), pp. 189-207.
  • Giesecke, J.A., P.B. Dixon and M.T. Rimmer (2008), “Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure”, Papers in Regional Science, Vol 87(1), March, pp. 3-31.
  • Dixon, P. B., Rimmer, M. T. & Tsigas, M. E. (2007), ‘‘Regionalising Results from a Detailed CGE Model: Macro, Industry and State Effects in the U.S. of Removing Major Tariffs and Quotas’‘, Papers in Regional Science, vol. 86 (1), pp. 31-55.
  • Madden, J.R. (1996), FEDERAL: A two-region multi-sectoral fiscal model of the Australian economy. In: Modelling and control of national and regional economies: proceedings. Edited by Vlacic, L. et al., 347-352. Permamon, Oxford.
  • Dixon, P.B., Madden, J.R., and Peter, M.W. (1993) “The effects of reallocating general revenue assistance among the Australian states”, Economic Records, Vol. 69(207), pp. 367-381.
  • Dixon, P. B., B. R. Parmenter, J. Sutton and D. P. Vincent (1982), ORANI: A Multisectoral Model of the Australian Economy, Contributions to Economic Analysis series no. 142, North-Holland Publishing Company, Amsterdam.
  • Dixon, P.B, Parmenter, B.R., Sutton, J. (1978) “Spatial disaggregation of ORANI results: A preliminary analysis of the impacts of protection at the state level”, Economic Analysis and Policy, Vol. 8, pp. 35-86.