Economic Modeling of Water

Economic Modeling of Water

Author: Glyn Wittwer

Publisher: Springer Science & Business Media

Published: 2012-03-14

Total Pages: 195

ISBN-13: 9400728751

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The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.


Book Synopsis Economic Modeling of Water by : Glyn Wittwer

Download or read book Economic Modeling of Water written by Glyn Wittwer and published by Springer Science & Business Media. This book was released on 2012-03-14 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

Economy-Wide Modeling of Water at Regional and Global Scales

Economy-Wide Modeling of Water at Regional and Global Scales

Author: Glyn Wittwer

Publisher: Springer

Published: 2019-02-07

Total Pages: 223

ISBN-13: 9811361010

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This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.


Book Synopsis Economy-Wide Modeling of Water at Regional and Global Scales by : Glyn Wittwer

Download or read book Economy-Wide Modeling of Water at Regional and Global Scales written by Glyn Wittwer and published by Springer. This book was released on 2019-02-07 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

Economy-wide Modeling of Water at Regional and Global Scales

Economy-wide Modeling of Water at Regional and Global Scales

Author: Glyn Wittwer

Publisher:

Published: 2019

Total Pages:

ISBN-13: 9789811361029

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This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.


Book Synopsis Economy-wide Modeling of Water at Regional and Global Scales by : Glyn Wittwer

Download or read book Economy-wide Modeling of Water at Regional and Global Scales written by Glyn Wittwer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

Economic Modeling for water policy evaluation

Economic Modeling for water policy evaluation

Author:

Publisher:

Published: 1974

Total Pages:

ISBN-13:

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Book Synopsis Economic Modeling for water policy evaluation by :

Download or read book Economic Modeling for water policy evaluation written by and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Water

The Economics of Water

Author: Georg Meran

Publisher: Springer Nature

Published: 2020-09-04

Total Pages: 312

ISBN-13: 3030484858

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This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today’s water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.


Book Synopsis The Economics of Water by : Georg Meran

Download or read book The Economics of Water written by Georg Meran and published by Springer Nature. This book was released on 2020-09-04 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today’s water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.

Economic Modeling of Water

Economic Modeling of Water

Author: Glyn Wittwer

Publisher: Springer

Published: 2012-03-14

Total Pages: 188

ISBN-13: 9789400728776

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The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.


Book Synopsis Economic Modeling of Water by : Glyn Wittwer

Download or read book Economic Modeling of Water written by Glyn Wittwer and published by Springer. This book was released on 2012-03-14 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

The Economics of Water Resources

The Economics of Water Resources

Author: Ariel Dinar

Publisher: Cambridge University Press

Published: 2021-04-15

Total Pages: 225

ISBN-13: 131673210X

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Population growth and rising living standards, on the one hand, and changing climate, on the other hand, have exacerbated water scarcity worldwide. To address this problem, policymakers need to take a wide view of the water economy – a complex structure involving environmental, social, economic, legal, and institutional aspects. A coherent water policy must look at the water economy as a whole and apply a comprehensive approach to policy interventions. Written by two of the world's leading scholars on economics of water, this is the first graduate-level textbook on the topic. The book discusses water resource management within a comprehensive framework that integrates the different, yet highly entwined, elements of a water economy. It follows the steps needed to develop a well-designed set of policies based on detailed analyses of intervention measures, using multi-sectoral and economy-wide examples from a variety of locations and situations around the world.


Book Synopsis The Economics of Water Resources by : Ariel Dinar

Download or read book The Economics of Water Resources written by Ariel Dinar and published by Cambridge University Press. This book was released on 2021-04-15 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Population growth and rising living standards, on the one hand, and changing climate, on the other hand, have exacerbated water scarcity worldwide. To address this problem, policymakers need to take a wide view of the water economy – a complex structure involving environmental, social, economic, legal, and institutional aspects. A coherent water policy must look at the water economy as a whole and apply a comprehensive approach to policy interventions. Written by two of the world's leading scholars on economics of water, this is the first graduate-level textbook on the topic. The book discusses water resource management within a comprehensive framework that integrates the different, yet highly entwined, elements of a water economy. It follows the steps needed to develop a well-designed set of policies based on detailed analyses of intervention measures, using multi-sectoral and economy-wide examples from a variety of locations and situations around the world.

Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps

Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps

Author: Maksud Bekchanov

Publisher: International Water Management Institute (IWMI)

Published: 2015-12-31

Total Pages: 64

ISBN-13: 9290908262

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Book Synopsis Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps by : Maksud Bekchanov

Download or read book Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps written by Maksud Bekchanov and published by International Water Management Institute (IWMI). This book was released on 2015-12-31 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Introduction To The Economics Of Water Resources

Introduction To The Economics Of Water Resources

Author: Stephen Merrett

Publisher: Routledge

Published: 2004-08-02

Total Pages: 220

ISBN-13: 1135362068

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A concise treatment of water-resource economics. Based upon political economy perspectives, it draws upon a range of case-studies - Third- World, developed world, and former communist countries - to cover many issues. There is guidance on


Book Synopsis Introduction To The Economics Of Water Resources by : Stephen Merrett

Download or read book Introduction To The Economics Of Water Resources written by Stephen Merrett and published by Routledge. This book was released on 2004-08-02 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise treatment of water-resource economics. Based upon political economy perspectives, it draws upon a range of case-studies - Third- World, developed world, and former communist countries - to cover many issues. There is guidance on

Linking the economics of water, energy, and food: A nexus modeling approach

Linking the economics of water, energy, and food: A nexus modeling approach

Author: Al-Riffai, Perrihan

Publisher: Intl Food Policy Res Inst

Published: 2017-04-28

Total Pages: 32

ISBN-13:

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We use an innovative methodology to model the socioeconomic linkages between water, energy, and food in the East Nile Basin. Based upon a theoretical nexus framework, the methodology is expanded into a quantifiable modeling suite that under-lies the analysis of each of three country case studies. The advantages are that, despite resource shortages being a challenge, the modeling suite aids in devising policies and strategies that formulate these sectoral interdependencies and provide the evidence-based research results necessary for their design in a way that exploits synergies existing across sectors, countries, and regions (Al-Zubari n.d.). This paper lays out the methodology and gives an example of an application and scenarios by focusing on three countries in the East Nile Basin. This methodology paper will be followed by three individual country case studies that highlight the water, energy, and food nexus for each.


Book Synopsis Linking the economics of water, energy, and food: A nexus modeling approach by : Al-Riffai, Perrihan

Download or read book Linking the economics of water, energy, and food: A nexus modeling approach written by Al-Riffai, Perrihan and published by Intl Food Policy Res Inst. This book was released on 2017-04-28 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use an innovative methodology to model the socioeconomic linkages between water, energy, and food in the East Nile Basin. Based upon a theoretical nexus framework, the methodology is expanded into a quantifiable modeling suite that under-lies the analysis of each of three country case studies. The advantages are that, despite resource shortages being a challenge, the modeling suite aids in devising policies and strategies that formulate these sectoral interdependencies and provide the evidence-based research results necessary for their design in a way that exploits synergies existing across sectors, countries, and regions (Al-Zubari n.d.). This paper lays out the methodology and gives an example of an application and scenarios by focusing on three countries in the East Nile Basin. This methodology paper will be followed by three individual country case studies that highlight the water, energy, and food nexus for each.