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Water trading, buybacks and drought in the Murray-Darling basin: lessons from economic modelling

Author

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  • Glyn Wittwer
  • Peter Dixon

Abstract

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.

Suggested Citation

  • Glyn Wittwer & Peter Dixon, 2011. "Water trading, buybacks and drought in the Murray-Darling basin: lessons from economic modelling," Centre of Policy Studies/IMPACT Centre Working Papers g-222, Victoria University, Centre of Policy Studies/IMPACT Centre.
    • Handle: RePEc:cop:wpaper:g-222
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    References listed on IDEAS

    as
    1. Peter B. Dixon & Maureen T. Rimmer & Glyn Wittwer, 2011. "Saving the Southern Murray‐Darling Basin: The Economic Effects of a Buyback of Irrigation Water," The Economic Record, The Economic Society of Australia, vol. 87(276), pages 153-168, March.
    2. Wittwer, Glyn & Griffith, Marnie, 2011. "Modelling drought and recovery in the southern Murray-Darling basin," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 1-18, September.
    3. Peter B. Dixon & B. R. Parmenter & John Sutton, 1978. "Some Causes Of Structural Maladjustment In The Australian Economy," Economic Papers, The Economic Society of Australia, vol. 1(57), pages 10-26, January.
    4. J. W. B. Guise & J. C. Flinn, 1970. "The Allocation and Pricing of Water in a River Basin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(3), pages 411-421.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

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    More about this item

    Keywords

    CGE modelling; irrigation; agricultural economics; regional economies;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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