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The Contexts for Water Modeling

  • Glyn WittwerEmail author
Chapter
Part of the Advances in Applied General Equilibrium Modeling book series (AAGEM)

Abstract

Rapid economic growth in previously less developed nations and prolonged droughts in many nations are stressing existing water resources. Diminishing water resources are being diverted increasingly to meet burgeoning urban demands. Economics has a role to play in providing guidelines to enhance the sustainability of water resources. Water pricing is important in improving resource allocation. Economic models can help place policies in context. Economic adjustment to water stress may alter patterns of production and global trade.

Keywords

Drought impacts Water reforms Farm factor mobility Water trading 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Centre of Policy Studies, Victoria UniversityMelbourneAustralia

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