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FILENAME oranig06.doc
ORANI-G: A Generic Single-Country Computable General Equilibrium Model
Mark Horridge
Centre of Policy Studies and Impact Project, Monash University
Abstract:The ORANI applied general equilibrium (AGE) model of the Australian economy has been widely used by academics and by economists in the government and private sectors. We describe a generic version of the model, ORANI-G, designed for expository purposes and for adaptation to other countries.
Our description of the models equations and database is closely integrated with an explanation of how the model is solved using the GEMPACK system. The intention is to provide a convenient starting-point for those wishing to use or construct a similar AGE model. Computer files are available, which contain a complete model specification and database.
ORANI-G forms the basis of an annual modelling course, and has been adapted to build models of South Africa, Brazil, Ireland, Pakistan, Sri Lanka, Fiji, South Korea, Denmark, Vietnam, Thailand, Indonesia, Philippines and both Chinas.
Bibliographical Note: this document has its origin in the articleORANI-F: A General Equilibrium Model of the Australian Economy, by J.M. Horridge, B.R. Parmenter and K.R. Pearson (all of the Centre of Policy Studies), which appeared in the journal Economic and Financial Computing (vol.3,no.2,Summer 1993). Subsequently Horridge has progressively altered the article for teaching purposes, removing contributions by the other authors.
Edition prepared for
Practical GE Modelling Courses
held in Hunan, S?o Paulo and Melbourne 2006
This edition has been revised to follow the equations ofORANIG06, the latest version of ORANI-G.
ORANI-G is designed to be freely used and adapted for various countries and purposes. The same is true of this document. You are welcome to use or alter all or parts of it to prepare documentation for your own ORANI-G based model. However, we ask that you make some attribution or acknowledgement if you
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