The use of computable general equilibrium models to assess water policies

Peter Berck, Sherman Robinson and George E Goldman

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

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.

Keywords: benefit-cost analysis; cge models; employment; input-output analysis; land utilization; sam; water supply (search for similar items in EconPapers)
Date: 1990-07-01
References: View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Working Paper: The use of computable general equilibrium models to assess water policies (1990)
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