Water trading, buybacks and drought in the Murray-Darling basin: lessons from economic modelling
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.
|Date of creation:||Sep 2011|
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- Glyn Wittwer & Marnie Griffith, 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 342-359, 07.
- 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), September.
- 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.
- 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.
- 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, 01.
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