Economic Modeling of Water

The Australian CGE Experience

Nonfiction, Science & Nature, Science, Biological Sciences, Environmental Science, Business & Finance, Economics
Cover of the book Economic Modeling of Water by , Springer Netherlands
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Author: ISBN: 9789400728769
Publisher: Springer Netherlands Publication: March 6, 2012
Imprint: Springer Language: English
Author:
ISBN: 9789400728769
Publisher: Springer Netherlands
Publication: March 6, 2012
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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