The use of computable general equilibrium models to assess water policies

Peter Berck, Sherman Robinson and George E. Goldman

No 43668, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: This paper discusses basic issues in project analysis and shows how these issues can be resolved in a computable general equilibrium (CGE) framework. The role of border prices and intersectoral linkages is explored. The CGE framework is compared to less comprehensive frameworks, including benefit-cost analysis, input-output models, multi-market models, and models based on social accounting matrices (SAMs). An illustrative CGE model of the southern portion of the San Joaquin Valley is constructed and is used to find the effects of reducing water inputs on aggregate Valley gross domestic product (GDP) and on sectoral output, employment, and land use. The model is also used to determine demand curves for water by the southern portion of the Valley, given alternative specifications of production technology.

Pages: 28
Date: 1990-07
References: View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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https://ageconsearch.umn.edu/record/43668/files/CUDARE%20545%20Berck.pdf (application/pdf)

Related works:
Working Paper: The use of computable general equilibrium models to assess water policies (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:43668

DOI: 10.22004/ag.econ.43668

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