Institutional Constraints and Inter-jurisdictional Water Trade: The Case of the Australian Capital Territory and New South Wales
AbstractWater trade remains a contentious political issue in Australia, regardless of the acknowledged benefits to which economists continually refer. At least two sources of concern arise in discussions about water trade. First, concerns are often expressed about inter-sectoral ramifications. These usually take the form of prophecies about the profligate growth of urban centres being achieved at the expense of regional and rural communities. Second, mention of unfettered trade between jurisdictions is usually sufficient to provoke rhetoric that draws upon long-standing rivalries between states. This paper considers the benefits of water trade between agricultural interests in the Murrumbidgee Valley in New South Wales and the predominantly urban users in the Australian Capital Territory. The paper goes beyond the standard economic analysis by also pointing to the range of institutionally-based constraints that circumscribe the operation of water markets. In this regard, the arguments in the paper offer a salient caveat to the bold predictions of the National Water Plan and related statements on the operational dimensions of water policy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Australian Agricultural and Resource Economics Society in its series 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia with number 6035.
Date of creation: 2008
Date of revision:
Contact details of provider:
Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
Phone: 0409 032 338
Web page: http://www.aares.info/
More information through EDIRC
Community/Rural/Urban Development; Public Economics; Resource /Energy Economics and Policy;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-18 (All new papers)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.