This paper analyzes the economic impacts of changes in water availability due to climate change. We develop a new … modeling approach as an alternative to include water as a production factor within a global CGE model. We tailor the structure … agricultural sector. In order to reach this objective, a new database has been built to explicitly consider water endowments …

availability during drought. The regional impacts of water buybacks in the basin are much smaller than otherwise as a consequence …TERM-H2O, a dynamic, multi-regional model has become a useful tool for analysing water policy issues in the Murray …-Darling basin. Available data indicate that farm factor mobility has been an important avenue of adjustment to sharply reduced water …

buybacks are much less costly than upgrades as a means of obtaining a target volume of environmental water. Even during drought …, when highly secure water created by infrastructure upgrades is more valuable, the upgrades remain too costly. As an … four jobs in the basin. CGE modelling ; water buybacks ; regional economies …