Water Trade in the Southern Murray–Darling Basin

Peterson, Deborah C.; Dwyer, Gavan; Appels, David; Fry, Jane M.

doi:10.1111/j.1475-4932.2005.00248.x

Cited by 31 publications

(17 citation statements)

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“…(2005) used a CGE model TERM (The Enormous Regional Model) to examine the impacts of droughts in Australia. Peterson et al. (2005) also used the CGE TERM model to examine the impacts of both intra‐ and inter‐regional water trading in the southern MDB.…”

Section: Modelling Framework and Data Acquisitionmentioning

confidence: 99%

The Economic Impact of Increased Water Demand in Australia: A Computable General Equilibrium Analysis

Qureshi

Proctor

Young

et al. 2012

J of App Econs and Policy

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This paper explores the impact of increased population and water demand and reduced water supply on sectoral and regional output and employment in Australia utilising a multi‐regional computable general equilibrium model. The results indicate that the increase in water demand will significantly increase the shadow price (or opportunity cost) of water use in major urban centres. For cities predicted to have high growth rates such as Sydney, Brisbane and Perth, if rising water scarcity had not been supplemented by new water supplies, and if the price of water had reflected rising scarcity, the price of water would have risen by fivefold, sevenfold and eightfold per kilolitre respectively. However, allowing rural–urban water trading and developing new water sources would reduce water scarcity and the opportunity cost of water use and the economic impacts on the Australian economy.

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Section: Modelling Framework and Data Acquisitionmentioning

confidence: 99%

The Economic Impact of Increased Water Demand in Australia: A Computable General Equilibrium Analysis

Qureshi

Proctor

Young

et al. 2012

J of App Econs and Policy

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“…Others are more optimistic and suggest that allowing annual EWH leasing could achieve desired environmental objectives with a smaller endowment of permanent water entitlements [Peterson et al, 2005;Tisdell, 2010;. However, such leasing activity may mean that irrigators who are not direct parties to EWH trade may be impacted through pecuniary externalities.…”

Section: Introductionmentioning

confidence: 99%

Trading water to improve environmental flow outcomes

Connor

Franklin

Loch

et al. 2013

Water Resources Research

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[1] As consumptive extractions and water scarcity pressures brought about by climate change increase in many world river basins, so do the risks to water-dependent ecological assets. In response, public or not for profit environmental water holders (EWHs) have been established in many areas and bestowed with endowments of water and mandates to manage water for ecological outcomes. Water scarcity has also increasingly spawned water trade arrangements in many river basins, and in many instances, EWHs are now operating in water markets. A number of EWHs, especially in Australia, begin with an endowment of permanent water entitlements purchased from irrigators. Such water entitlements typically have relatively constant interannual supply profiles that often do not match ecological water demand involving flood pulses and periods of drying. This article develops a hydrologiceconomic simulation model of the Murrumbidgee catchment within the Murray-Darling Basin to assess the scope of possibilities to improve environmental outcomes through EWH trading on an annual water lease market. We find that there are some modest opportunities for EWHs to improve environmental outcomes through water trade. The best opportunities occur in periods of drought and for ecological outcomes that benefit from moderately large floods. We also assess the extent to which EWH trading in annual water leases may create pecuniary externalities via bidding up or down the water lease prices faced by irrigators. Environmental water trading is found to have relatively small impacts on water market price outcomes. Overall our results suggest that the benefits of developing EWH trading may well justify the costs.

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“…For example, studies have considered the effects of water pricing reform on water use by different sectors, sectoral incomes and economic outputs in Morocco Roe 2000, 2003) and South Africa (van Heerden et al 2008;Letsoalo et al 2007). Similarly, the economic gains of introducing water rights trading has been discussed for Morocco (Diao et al 2004), South Africa (Hassan and Thurlow 2011), and Australia (Peterson et al 2005;Smajgl et al 2006Smajgl et al , 2009.…”

Section: Cge Modelsmentioning

confidence: 99%

Review of hydro-economic models to address river basin management problems: structure, applications and research gaps

Bekchanov¹,

Sood²,

Jeuland³

2015

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1671985 2015 Working PapersThe publications in this series record the work and thinking of IWMI researchers, and knowledge that the Institute's scientific management feels is worthy of documenting. This series will ensure that scientific data and other information gathered or prepared as a part of the research work of the Institute are recorded and referenced. Working Papers could include project reports, case studies, conference or workshop proceedings, discussion papers or reports on progress of research, country-specific research reports, monographs, etc. Working Papers may be copublished, by IWMI and partner organizations.Although most of the reports are published by IWMI staff and their collaborators, we welcome contributions from others. Each report is reviewed internally by IWMI staff. The reports are published and distributed both in hard copy and electronically (www.iwmi.org) and where possible all data and analyses will be available as separate downloadable files. Reports may be copied freely and cited with due acknowledgment. About IWMIIWMI's mission is to provide evidence-based solutions to sustainably manage water and land resources for food security, people's livelihoods and the environment. IWMI works in partnership with governments, civil society and the private sector to develop scalable agricultural water management solutions that have a tangible impact on poverty reduction, food security and ecosystem health. IWMI Working Paper 167 Review of Hydro-economic Models to Address River

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Water Trade in the Southern Murray–Darling Basin

Cited by 31 publications

References 0 publications

The Economic Impact of Increased Water Demand in Australia: A Computable General Equilibrium Analysis

The Economic Impact of Increased Water Demand in Australia: A Computable General Equilibrium Analysis

Trading water to improve environmental flow outcomes

Review of hydro-economic models to address river basin management problems: structure, applications and research gaps

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