ENGLISH

Economic Modeling of Water: The Australian CGE Experience

By Glyn Wittwer (auth.) , Glyn Wittwer (eds.)

Book information

Publisher
Springer Netherlands
Year
2012
ISBN
978-94-007-2875-2, 978-94-007-2876-9
DOI
10.1007/978-94-007-2876-9
Language
english
Format
PDF
Filesize
2 MB (2042280 bytes)
Series
Global Issues in Water Policy 3
Edition
1
Pages
188\195
Orientation
yes
Scanned
yes
Time added
2013-08-29 22:29:29
Economics/Management Sciencegeneral; Agricultural Economics; Econometrics; Reg

Description

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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