TERM-Australia is a multiregional economic model of Australia.
You can purchase customised versions focusing on regions, sectors and occupations that meet your requirements.
TERM-Australia features
TERM-Australia features include:
- a computable general equilibrium (CGE) framework capturing the behaviour of economic agents (producers, households, investors, importers/exporters and government) in Australian regions linked by interregional trade and economy-wide constraints (see documentation & literature)
- an extensive list of regions and sectors allowing the purchaser to choose from 190 sectors and 205 regions
- easy-to-use software with a user-friendly interface (request a demonstration model)
- extensive model documentation.
TERM-Australia is an update and adaptation of the original TERM model of the Australian economy. It is now used in many countries. TERM’s theoretical structure incorporates standard modelling of resource constraints and price-responsive behaviour. The model’s theory and database construction method are extensively documented in refereed journals and book chapters. Model purchasers are provided with clear operating manuals.
Uses of a TERM-Australia model
TERM-Australia is a powerful tool for short-run and long-run analysis of economic shocks affecting Australia and its regions. The TERM-Australia database is developed using detailed official national and regional statistics. Users of TERM-Australia can assess the economic impacts on their own regions, other regions and the nation of new economic policies and events, such as:
- major infrastructure/industrial projects
- major events (e.g. hosting a championship event, or Olympics)
- changes in state/national tax rates
- changes in wages policy.
For more examples of policy applications, see Model applications.
Product choices & pricing
Prices for TERM-Australia start at A$9000 for a standard package.
All packages come with easy-to-use software for conducting model simulations and analysing results.
For a free demonstration package, please fill in our enquiry form.
Standard packages
Our standard packages the 'Two-region state model' and the 'Three-region sub-state model'.
Two-region state model
- State of interest, plus rest of Australia
- 60 sectors
- 8 major occupational groups
- Top-down detail for relevant statistical local areas
Three-region sub-state model
- Region of interest, plus rest of state, rest of Australia
- 60 sectors
- 8 major occupational groups
- Top-down detail for relevant statistical local areas
Customised packages
Packages customized to suit your requirements may be requested. The regional, industrial and occupational aggregation can be chosen subject to the following limits. The limits are imposed to allow for reasonable computation time and solution stability. The work required to prepare an aggregation increases with size so more detailed aggregations are more expensive.
- Up to 30 regions selected from a set of 205 regions.
- Up to 80 industries selected from a set of 190 industries.
- The number of regions multiplied by the number of industries must not exceed 400 (Regions X Industries <= 400).
For further information and a quote, please fill in our enquiry form.
Training & contract research services
The Centre of Policy Studies (CoPS) also delivers TERM-Australia training courses and CGE contract research services.
CoPS delivers TERM-Australia training in Melbourne. Check our upcoming training and events.
CoPS provides a full range of contract research policy analysis services using our suite of computable general equilibrium (CGE) models. Please contact us for details.
Contact us
Fill in an enquiry form to contact us about TERM-Australia.
