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- W1784290717 abstract "The paper focuses on the idea that water allocation countrywide should be treated as a macroeconomic problem. It describes how the water allocation model based on optimisation technique can be integrated with economic models within the computable general equilibrium (CGE) framework. The paper overviews the theoretical structure of some of hydrology/economy models. These models contain attractive detail for analysing issues in water policy in given hydrological areas. However their partial equilibrium nature is a drawback. They do not provide insights on either the effects of developments in hydrological areas on the rest of the economy or the effects of developments in the rest of the economy on hydrological areas. A general equilibrium perspective is needed to provide such insights. However, current general equilibrium models contain very little water detail. This paper develops mathematic formulations embedding hydrological/economy models in general equilibrium models. A hydrologyenriched general equilibrium model would be used to investigate major economy-wide water issues such as the relationships between water, agriculture, environment, tourism, urban development, population growth, and the potential climatic changes." @default.
- W1784290717 created "2016-06-24" @default.
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- W1784290717 date "2005-01-01" @default.
- W1784290717 modified "2023-09-23" @default.
- W1784290717 title "Encapsulation Of Water Allocation Into A General Equilibrium Model" @default.
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