Calzadilla, Alvaro; Rehdanz, Katrin; Tol, Richard S.J. - 2011
Water and agriculture are intrinsically linked. Water is essential for crop production and agriculture is the largest … consumer of freshwater resources. However, this link is commonly ignored by economic models mainly because water use is not … reported in the national economic accounts. Few regions have markets for water. This paper describes the new version of GTAP …