Economic Modeling of Water : The Australian CGE Experience

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.

• | Author: Glyn Wittwer
• | Publisher: Springer
• | Publication Date: Apr 16, 2014
• | Number of Pages: NA pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 9400799128
• | ISBN-13: 9789400799127