Water trading, buybacks and drought in the Murray-Darling basin: lessons from economic modelling

Glyn Wittwer and Peter Dixon

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: TERM-H2O, a dynamic, multi-regional model has become a useful tool for analysing water policy issues in the Murray-Darling basin. Available data indicate that farm factor mobility has been an important avenue of adjustment to sharply reduced water availability during drought. The regional impacts of water buybacks in the basin are much smaller than otherwise as a consequence of this mobility.

Keywords: CGE modelling; irrigation; agricultural economics; regional economies (search for similar items in EconPapers)
JEL-codes: C54 Q11 Q15 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-agr and nep-cmp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:g-222

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