Economic Modeling of Water The Australian CGE Experience
As anthropogenic climate change accelerates, leading both to weather unpredictability and extremes, the issue of water use and extraction has never had a higher profile. There are few places where the problems of water management are more urgent than Aust
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GLOBAL ISSUES IN WATER POLICY VOLUME 3
Series Editors Ariel Dinar José Albiac Eric D. Mungatana Víctor Pochat Rathinasamy Maria Saleth
For further volumes: http://www.springer.com/series/8877
Glyn Wittwer Editor
Economic Modeling of Water The Australian CGE Experience
Editor Dr. Glyn Wittwer Centre of Policy Studies Monash University Wellington Road 11th Floor, Menzies Building 11E Clayton, VIC 3800 Australia [email protected]
ISSN 2211-0631 e-ISSN 2211-0658 ISBN 978-94-007-2875-2 e-ISBN 978-94-007-2876-9 DOI 10.1007/978-94-007-2876-9 Springer Dordrecht Heidelberg New York London Library of Congress Control Number: 2012934055 © Springer Science+Business Media Dordrecht 2012 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
By 2030, the OECD predicts that over half the world’s population will be living with water scarcity. By this they mean that these people will be living in a world where water availability, or more correctly the lack of it, limits economic opportunity. To get to the bottom of this issue, one needs to understand how local water supply conditions influence water use and what changes in availability mean for local, regional, and national economies. Before the advent of TERM – The Enormous Regional Model – any discussion about
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