POWELL, Alan Anthony Leslie

Born 1937, Sydney, Australia.

Current Post

Emeritus Professor of Econometrics Monash Univ., Australia, 2000;
Assoc. Director, IMPACT Project, 1992.

Past Posts


B.Sc.Agr. (hons), Ph.D, Agric. Econ. Univ. Sydney 1959, 1963; D.Econ (honoris causa) Monash University 2002.

Offices and Honours

Editorial Duties

Assoc. ed., Australian J. of Statistics, 1972-84.

Principal Fields of Interest

Econometric modelling of consumer demand;
applied general equilibrium analysis; macrodynamic modelling; policy modelling generally.



1.Inside A Modern Macroeconometric Model A Guide to the Murphy Model (with
Christopher W. Murphy) (Springer-Verlag 1995; 2nd edn 1997);
2.Notes and Problems in Applied General Equilibrium Econ. (with Peter B. Dixon,
Brian R. Parmenter and Peter J. Wilcoxen) (North-Holland 1992);
3.Structural Adaptation in an Ailing Macroeconomy (with Peter B. Dixon and
Brian R. Parmenter) (Melbourne Univ. Press 1979);
4.Patterns in Household Demand and Savings (with Constantino Lluch and
Ross A. Williams) (Oxford University Press 1977);
5.Empirical Analytics of Demand Systems (D.C. Heath/Lexington Books 1974);
6.Econometric Studies of Macro and Monetary Relations (joint ed. with
Ross A. Williams) (North-Holland 1973).

Selected Articles:

1."Using the Cost Function to Generate Marshallian Demand Systems", Empirical
Economics, 25 (2) 2000 (with Keith R. McLaren and Peter D. Rossiter), 209-227.
2."From Dornbusch to Murphy: Stylized Monetary Dynamics of a Contemporary
Macroeconometric Model", Journal of Policy Modeling, 22 (1) Jan 2000, 99-116.
3."The Contribution of Applied General Equilibrium Analysis to Policy Reform in
Australia", J. of Policy Modeling,15(4) Aug. 1993 (with Richard H. Snape), 393-414;
4."A Decade of Applied General Equilibrium Modelling for Policy Work", Ch. 8 in
Lars Bergman, Dale W. Jorgenson and Ernö Zalai (eds), General Equilibrium
Modeling and Economic Policy Analysis (Blackwell 1990) (with Tony Lawson),
5."An Approach to the Short Run Macroeconomic Closure of General Equilibrium
Models", in J. Piggott and J. Whalley (eds), New Developments in Applied General
Equilibrium (Cambridge Univ.Press 1985) (with Russel J. Cooper and Keith R.
McLaren), 411-440;
6."The Major Streams of Economy-Wide Modeling: Is Rapprochement Possible?" in
J. Kmenta and J.B. Ramsey (eds), Large Scale Econometric Models: Theory and
Practice (North-Holland 1981), 219-264;
7."The Estimation of Supply Response in Australian Agriculture: the CRESH-CRETH
System", International Economic Review, 21(1), Feb. 1980 (with David P. Vincent
and Peter B. Dixon), 221-242;
8."The Theory of Commodity Demand and Labour Supply with an Endogenous
Marginal Wage Rate", Recherches Economiques de Louvain, 45(3),
Sept. 1979,215-239;
9."Aitken Estimators as a Tool in Allocating Predetermined Aggregates", J. American
Statistical. Association, 64(3), Sept. 1969, 913-922;
10."The Constant Elasticity of Transformation Production Frontier and Linear Supply
System", International Economic Review, 9(3), Oct. 1968 (with F.H. Gruen),
11."A Complete System of Consumer Demand Equations for the Australian Economy
Fitted by a Model of Additive Preferences", Econometrica, 34(3), July 1966, 661-675;
12."Using the Murphy Model to Provide Short-run Macroeconomic Closure for
ORANI", Economic. Record, 70(210), Sept. 1994 (with James H. Breece, Keith R.
McLaren and Christopher W. Murphy), 265-287;.

Principal Contributions

Early work dealt with buffer stock schemes for commodities, and applied econometrics, especially in
systems of consumer demand and agricultural supply equations. My principal contribution has been as the
foundation director and leader for many years of the Impact Project, an interagency research endeavour
supported since 1975 by the Australian Federal Government and several universities. The project was
successful in embedding applied general equilibrium analysis within the Australian civil service as a routine
tool for analysis of economic policy issues. In this work I have been supported throughout by Peter B.
Dixon, architect of the ORANI model, and our close collaborator, Brian R. Parmenter.

See also citation for the award of honorary doctorate of economics, 2002:
Address by Alan Powell to the graduates of Monash University on the occasion of the conferral on him of the degree of Doctor of Economics (honoris causa), 24 October 2002