Overview
- Addresses a compelling issue for current and future generations: the efficient allocation of water
- Provides a multi-faceted analysis, as each region of the world has its own specific features concerning water
- Offers unique insights into computable general equilibrium (CGE) modelling, such as terms-of-trade impacts, real appreciation impacts, and resource mobility as an avenue of adjustment
Part of the book series: Advances in Applied General Equilibrium Modeling (AAGEM)
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Table of contents (10 chapters)
Keywords
- Water Modeling
- Water Management
- Water Policy
- Water Trading
- Water Allocation
- Climate Change
- Water Security
- CGE Model
- Computable General Equilibrium
- Agricultural Economics
- Drought
- Flood
- Groundwater
- Aquifer Depletion
- Desalination
- Water Scarcity
- Applied General Equilibrium
- AGE Model
- Economic Model
- water quality and water pollution
About this book
Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.
Editors and Affiliations
About the editor
Although he has spent much time in model development at the CoPS, his main task is applying CGE models to policy issues. In addition, he has undertaken a number of projects examining the economic impacts of urban water supply augmentation.
Bibliographic Information
Book Title: Economy-Wide Modeling of Water at Regional and Global Scales
Editors: Glyn Wittwer
Series Title: Advances in Applied General Equilibrium Modeling
DOI: https://doi.org/10.1007/978-981-13-6101-2
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019
Hardcover ISBN: 978-981-13-6100-5Published: 10 April 2019
eBook ISBN: 978-981-13-6101-2Published: 07 February 2019
Series ISSN: 2520-8268
Series E-ISSN: 2520-8276
Edition Number: 1
Number of Pages: XV, 212
Number of Illustrations: 13 b/w illustrations, 23 illustrations in colour
Topics: Natural Resource and Energy Economics, Water Policy/Water Governance/Water Management, Economic Policy, Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution, Agricultural Economics, Regional/Spatial Science