Economy-Wide Modeling of Water at Regional and Global Scales

Economy-Wide Modeling of Water at Regional and Global Scales PDF Author: Glyn Wittwer
Publisher: Springer
ISBN: 9811361010
Category : Business & Economics
Languages : en
Pages : 223

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Book Description
This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

Economy-Wide Modeling of Water at Regional and Global Scales

Economy-Wide Modeling of Water at Regional and Global Scales PDF Author: Glyn Wittwer
Publisher: Springer
ISBN: 9811361010
Category : Business & Economics
Languages : en
Pages : 223

Get Book Here

Book Description
This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

Economy-wide Modeling of Water at Regional and Global Scales

Economy-wide Modeling of Water at Regional and Global Scales PDF Author: Glyn Wittwer
Publisher:
ISBN: 9789811361029
Category : Computable general equilibrium models
Languages : en
Pages :

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Book Description
This book deals with the economic modelling of water at the global, national and sub-national levels. It presents a multi-faceted analysis and, while it outlines the theories behind various models, its main purpose is to analyse policy issues and present insights arising from modelling, including a chapter analysing the macroeconomic implications of climate change. Arguably the most compelling reason for publishing a book on the economic modelling of water arises from the fact that agriculture accounts for approximately 70% of water used for economic purposes, while only contributing 4% of global income. Given that water is an essential commodity, this discrepancy may in part be symptomatic of an undervaluation of water due to immature and incomplete markets. In turn, this undervaluation has led to an ongoing misallocation of water. When economic models include water accounts that feed into production functions, they model impacts on the marginal product of water. Policies that improve the link between the marginal product and price of water will improve water allocation, while advanced economic models such as those presented here can enhance our ability to explore the possible impacts of improved policy.

CHINAGEM—A Dynamic General Equilibrium Model of China: Theory, Data and Applications

CHINAGEM—A Dynamic General Equilibrium Model of China: Theory, Data and Applications PDF Author: Xiujian Peng
Publisher: Springer Nature
ISBN: 9819918502
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
This book contains detailed documentation of the CHINAGEM model - a large-scale dynamic computable general equilibrium (CGE) model of China and its applications. Specifically, this book documents the theory and database behind the CHINAGEM model. This book explores the closure development for the four simulation modes of the model including historical, decomposition, forecast and policy simulations, the detailed explanation of how to analyze simulation results, and the extensions of CHINAGEM and their applications. These extensions include several innovative modules and case studies as examples of the application of CHINAGEM. This book provides an entry point for CGE modellers to develop their analytical skills. This book can also be used as a platform for research institutes to develop CGE models suitable for their research portfolio. The module developments included in this book are designed to capture the specific features of the Chinese economy. The applications of these modules chosen in the book cover hot policy issues in China, and the simulation results have valuable policy implications. This book identifies that the CHINAGEM model itself and all the extensions can be used for analysing many new topics and policy issues such as the effects of the USA–China trade war, the effects of Made in China 2025 Plan as well as China’s commitment to the carbon neutrality before 2060 and its economic implications.

Economic Modeling of Water

Economic Modeling of Water PDF Author: Glyn Wittwer
Publisher: Springer Science & Business Media
ISBN: 9400728751
Category : Business & Economics
Languages : en
Pages : 195

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Book Description
The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

Notes and Problems in Applied General Equilibrium Economics

Notes and Problems in Applied General Equilibrium Economics PDF Author: K.R. Pearson
Publisher: Elsevier
ISBN: 008093403X
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
"General-equilibrium" refers to an analytical approach which looks at the economy as a complete system of inter-dependent components (industries, households, investors, governments, importers and exporters). "Applied" means that the primary interest is in systems that can be used to provide quantitative analysis of economic policy problems in particular countries. Reflecting the authors' belief in the models as vehicles for practical policy analysis, a considerable amount of material on data and solution techniques as well as on theoretical structures has been included. The sequence of chapters follows what is seen as the historical development of the subject. The book is directed at graduate students and professional economists who may have an interest in constructing or applying general equilibrium models. The exercises and readings in the book provide a comprehensive introduction to applied general equilibrium modeling. To enable the reader to acquire hands-on experience with computer implementations of the models which are described in the book, a companion set of diskettes is available.

Impact of Renewable Energy on Corporate Finance and Economics

Impact of Renewable Energy on Corporate Finance and Economics PDF Author: Ahmadi, Ali
Publisher: IGI Global
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 306

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Book Description
The world faces escalating challenges in sustainable development, corporate social responsibility, and green finance, compounded by the complexities of accounting and modern economics. These challenges demand urgent solutions that recognize their gravity and offer tangible, actionable strategies. Traditional approaches need to be revised in the face of these multifaceted issues, requiring a fresh perspective and innovative solutions to navigate the complexities of today's global economies. Impact of Renewable Energy on Corporate Finance and Economics provides a comprehensive and timely solution to these pressing challenges. Through a meticulous examination of real-world case studies and proven strategies, this book offers a roadmap for stakeholders to address these issues effectively. It explores sustainable finance mechanisms, collaborative stakeholder efforts, and visionary project objectives that have successfully overcome these obstacles. By delving into topics such as the renewable revolution, sustainable infrastructure transformations, and climate finance, the book equips readers with the knowledge and tools to confidently navigate the sustainable development landscape.

Connecting the Sustainable Development Goals: The WEF Nexus

Connecting the Sustainable Development Goals: The WEF Nexus PDF Author: Laura Cavalli
Publisher: Springer Nature
ISBN: 3031013360
Category : Science
Languages : en
Pages : 111

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Book Description
This contributed volume offers a state-of-the-art, holistic overview of the employment of a Water-Energy-Food (WEF) Nexus approach to implement the seventeen United Nations Sustainable Development Goals (SDGs), with a geographical focus on applications in different African regions. The book is divided into three sections, each composed of several chapters contributed by experts in their respective fields. Section I introduces the WEF Nexus and its role in the achievement of the 2030 Agenda and the SDGs. It highlights the attempt to connect different spheres of sustainability thanks to the Nexus, taking advantage of the existing interlinkages and interconnections among the Goals. Section II proposes a multi-scale and multi-stakeholder approach to various aspects of the Nexus and reviews existing quantitative tools. This section focuses on the issue of resource control and development aims and spotlights how Nexus dynamics influence the achievement of the SDGs as a whole. Section III applies the WEF Nexus to different African regions, which are balancing a rising population and an economic boom with severe vulnerability in the face of climate change. Chapter “Review of the Economic Impact of Water Availability on Food Security and the Related Ecosystems” is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Economic Modeling of Water

Economic Modeling of Water PDF Author: Glyn Wittwer
Publisher: Springer
ISBN: 9789400728776
Category : Business & Economics
Languages : en
Pages : 188

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Book Description
The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM’s dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps

Review of Hydro-economic Models to Address River Basin Management Problems: Structure, Applications and Research Gaps PDF Author: Maksud Bekchanov
Publisher: International Water Management Institute (IWMI)
ISBN: 9290908262
Category : Nature
Languages : en
Pages : 64

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Book Description


Policy Analysis And Modeling Of The Global Economy: A Festschrift Celebrating Thomas Hertel

Policy Analysis And Modeling Of The Global Economy: A Festschrift Celebrating Thomas Hertel PDF Author: Peter Dixon
Publisher: World Scientific
ISBN: 9811233640
Category : Business & Economics
Languages : en
Pages : 595

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Book Description
This volume honors the extraordinary career of Thomas Hertel. It also celebrates the 25th anniversary of the founding of the Global Trade Analysis Project (GTAP) by Prof. Hertel. All of those contributing to this volume, including Prof. Hertel's students and colleagues, have benefitted in some ways from the selfless professional generosity and dedication to scientific public goods that have been hallmarks of his career.The book examines the history of the GTAP project, the scientific contributions of Prof. Hertel, and the general application of computational modeling to global economic policy analysis. The applications in the volume, reflecting the broad contributions made by the GTAP community to global policy analysis, range from the impact of globalization on employment to the sustainability impacts of economic integration.