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Climate Change and Virtual Water Trade in the Mediterranean

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  • Roberto Roson
  • Martina Sartori
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    Abstract

    In this article, the virtual water exchange between Mediterranean countries is considered, reference being to the implicit water content of traded goods. Virtual water flows associated with trade in agricultural goods are estimated. Subsequently, a general equilibrium economic model is used to simulate the effects of the future reduced availability of water resources due to climate change. Assessment is made of how and to what extent autonomous market adaptation mechanisms may provide partial response to problems arising from the reduced availability of water resources.

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    File URL: http://www.francoangeli.it/riviste/sommario.asp?idRivista=25
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    Bibliographic Info

    Article provided by Associazione Rossi Doria in its journal QA.

    Volume (Year): (2011)
    Issue (Month): 3 (September)
    Pages:

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    Handle: RePEc:rar:journl:0219

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    Related research

    Keywords: Computable general equilibrium models; Water; Virtual water; Water scarcity; Climate change;

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    References

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    1. Horridge, Mark & Madden, John & Wittwer, Glyn, 2005. "The impact of the 2002-2003 drought on Australia," Journal of Policy Modeling, Elsevier, vol. 27(3), pages 285-308, April.
    2. Velazquez, Esther, 2006. "An input-output model of water consumption: Analysing intersectoral water relationships in Andalusia," Ecological Economics, Elsevier, vol. 56(2), pages 226-240, February.
    3. Maria Berrittella & Katrin Rehdanz & Arjen Y. Hoekstra & Roberto Roson & Richard S.J. Tol, 2006. "The Economic Impact Of Restricted Water Supply: A Computable General Equilibrium Analysis," Working Papers FNU-93, Research unit Sustainability and Global Change, Hamburg University, revised Jul 2006.
    4. Dixon, Peter B., 1990. "A general equilibrium approach to public utility pricing: determining prices for a water authority," Journal of Policy Modeling, Elsevier, vol. 12(4), pages 745-767.
    5. Maria Berrittella & Katrin Rehdanz & Roberto Roson & Richard S.J. Tol, 2006. "The Economic Impact Of Water Pricing: A Computable General Equilibrium Analysis," Working Papers FNU-96, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2006.
    6. Erik Dietzenbacher & Esther Velazquez, 2007. "Analysing Andalusian Virtual Water Trade in an Input-Output Framework," Regional Studies, Taylor & Francis Journals, vol. 41(2), pages 185-196.
    7. Noelwah R. Netusil & Thomas R. Harris & Chang K. Seung & Jeffrey E. Englin, 2000. "Impacts of water reallocation: A combined computable general equilibrium and recreation demand model approach," The Annals of Regional Science, Springer, vol. 34(4), pages 473-487.
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