Modelling the Australian government's buyback scheme with a dynamic multi-regional CGE model

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Modelling the Australian government's buyback scheme with a dynamic multi-regional CGE model

Author Info

Peter B. Dixon
Maureen T. Rimmer
Glyn Wittwer

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Glyn Wittwer

Abstract

TERM-H2O is a multi-regional model of the Australian economy adapted to include regional water accounts. Factors of production are mobile between sectors in farm industries. TERM-H2O is dynamic and also includes complementarity conditions that impose constraints on the volume of irrigation water traded between regions. The application detailed here is to the Commonwealth government's water buyback scheme against a background of temporary drought. The buyback scheme provides a windfall gain for holders of water rights by raising the price of irrigation water. The scheme may provide a net benefit to irrigation regions while increasing environmental flows.

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Publisher Info
Paper provided by Monash University, Centre of Policy Studies/IMPACT Centre in its series Centre of Policy Studies/IMPACT Centre Working Papers with number g-186.

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Date of creation: Apr 2009
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Handle: RePEc:cop:wpaper:g-186

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Find related papers by JEL classification:
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
R13 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
R15 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-05-30 (All new papers)

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This page was last updated on 2009-11-13.

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