Review of CGE models of water issues

Calzadilla, Alvaro, Rehdanz, Katrin, Roson, Roberto, Sartori, Martina and Tol, Richard S J (2017) Review of CGE models of water issues. In: Bryant, Tony (ed.) Computable general equilibrium models. The WSPC reference on natural resources and environmental policy in the era of global change, 3 . World Scientific, Singapore, pp. 101-124. ISBN 9789814713740

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Computable general equilibrium (CGE) models offer a method of studying the role of water resources and water scarcity in the context of international trade. This chapter reviews the literature on water-related CGE modeling by providing a survey that focuses on the implications of different modeling techniques of water resource. We differentiate between models that explicitly model water as a factor of production and those that model water as an implicit factor of production. Within the category of studies that model water explicitly we further differentiate between models that assume a high degree of substitution between water and primary factors and those that assume a low degree of substitution. We also differentiate between regional and global models. Further, we provide information on the type of analysis the model was used for.

Item Type: Book Section
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HB Economic theory. Demography
Depositing User: Richard Tol
Date Deposited: 20 Dec 2016 14:24
Last Modified: 20 Dec 2016 14:24
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