Authors: Glyn Wittwer and Peter Dixon
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.
JEL classification: C54, Q11, Q15.
Keywords: CGE modelling, irrigation, agricultural economics, regional economies.
Working Paper Number G-222 can be downloaded in PDF format. To print this you will need the Adobe Acrobat Reader.
Go to working papers page