Economic Modeling of Water
The Australian CGE Experience
Editors: Wittwer, Glyn (Ed.)
- Case studies explore internationally relevant policy implications
- Provides the full theoretical basis of a CGE model with water accounts that distinguish between dry-land and irrigation agriculture
- Combines localised regional analysis with broader national implications
- Includes detailed structural analysis as a starting point for explaining modeled outcomes
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- About this book
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The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Economic Modeling of Water
- Book Subtitle
- The Australian CGE Experience
- Editors
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- Glyn Wittwer
- Series Title
- Global Issues in Water Policy
- Series Volume
- 3
- Copyright
- 2012
- Publisher
- Springer Netherlands
- Copyright Holder
- Springer Science+Business Media Dordrecht
- eBook ISBN
- 978-94-007-2876-9
- DOI
- 10.1007/978-94-007-2876-9
- Hardcover ISBN
- 978-94-007-2875-2
- Softcover ISBN
- 978-94-007-9912-7
- Series ISSN
- 2211-0631
- Edition Number
- 1
- Number of Pages
- XVI, 188
- Topics
