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

Dixon, Peter, Rimmer, Maureen T and Wittwer, Glyn (2009) Modelling the Australian government's buyback scheme with a dynamic multi-regional CGE model. Working Paper. Centre of Policy Studies (CoPS).

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Abstract

TERM-H2O is a dynamic, multi-regional computable general equilibrium model of the Australian economy with agricultural detail adapted to include regional water accounts. It focuses on the effects of inter-regional water trading. Factors of production are mobile between sectors in farm industries. TERM-H2O 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.

Item Type: Monograph (Working Paper)
ISBN: 0732615933
Additional Information:

CoPS/IMPACT Working Paper Number G-186

Uncontrolled Keywords: C68; Q25; R13; R15; regional modelling; CGE modelling; water
Subjects: FOR Classification > 1403 Econometrics
Faculty/School/Research Centre/Department > Centre of Policy Studies (CoPS)
Depositing User: Symplectic Elements
Date Deposited: 31 Aug 2015 07:51
Last Modified: 15 Jul 2019 06:42
URI: http://vuir.vu.edu.au/id/eprint/29396
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