IDEAS home Printed from https://ideas.repec.org/a/ags/aareaj/245950.html
   My bibliography  Save this article

Effective use of public funding in the Murray-Darling Basin: a comparison of buybacks and infrastructure upgrades

Author

Listed:
  • Wittwer, Glyn
  • Dixon, Janine

Abstract

Policy instruments designed to increase environmental flows in the Murray–Darling Basin are compared using TERM-H2O, a detailed, dynamic regional CGE model. Voluntary and fully compensated buybacks are much less costly than infrastructure 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. As an instrument of regional economic management, infrastructure upgrades are inferior to public spending on health, education and other services in the Basin. For each job created from upgrades, the money spent on services could create between three and four jobs in the Basin.

Suggested Citation

  • Wittwer, Glyn & Dixon, Janine, 2013. "Effective use of public funding in the Murray-Darling Basin: a comparison of buybacks and infrastructure upgrades," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(3).
  • Handle: RePEc:ags:aareaj:245950
    DOI: 10.22004/ag.econ.245950
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/245950/files/ajar12001.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.245950?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mai, Thanh & Mushtaq, Shahbaz & Loch, Adam & Reardon-Smith, K. & An-Vo, Duc-Anh, 2019. "A systems thinking approach to water trade: Finding leverage for sustainable development," Land Use Policy, Elsevier, vol. 82(C), pages 595-608.
    2. Glyn Wittwer & Michael D Young, 2020. "Distinguishing Between Policy, Drought and International Events in the Context of the Murray Darling Basin Plan," Centre of Policy Studies/IMPACT Centre Working Papers g-295, Victoria University, Centre of Policy Studies/IMPACT Centre.
    3. Sarah Ann Wheeler & Ying Xu & Alec Zuo, 2020. "Modelling the climate, water and socio-economic drivers of farmer exit in the Murray-Darling Basin," Climatic Change, Springer, vol. 158(3), pages 551-574, February.
    4. R. Quentin Grafton, 2017. "Editorial — Water Reform and Planning in the Murray–Darling Basin, Australia," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-18, July.
    5. David Adamson & Adam Loch, 2018. "Achieving environmental flows where buyback is constrained," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(1), pages 83-102, January.
    6. Glyn Wittwer, 2022. "Preparing a multi-country, sub-national CGE model: EuroTERM including Ukraine," Centre of Policy Studies/IMPACT Centre Working Papers g-334, Victoria University, Centre of Policy Studies/IMPACT Centre.
    7. Sarah Ann Wheeler & Alec Zuo, 2017. "The impact of drought and water scarcity on irrigator farm exit intentions in the Murray–Darling Basin," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(3), pages 404-421, July.
    8. Wheeler, Sarah Ann & Zuo, Alec & Loch, Adam, 2015. "Watering the farm: Comparing organic and conventional irrigation water use in the Murray–Darling Basin, Australia," Ecological Economics, Elsevier, vol. 112(C), pages 78-85.
    9. Wittwer, Glyn, 2020. "The Murray Darling Basin Plan amid Drought and Civil Discontent," Conference papers 333230, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    10. Alec Zuo & Sarah Ann Wheeler & Peter Boxall & W. L. (Vic) Adamowicz & Darla Hatton MacDonald, 2015. "Identifying Water Prices at which Australian Farmers Will Exit Irrigation: Results of a Stated Preference Survey," The Economic Record, The Economic Society of Australia, vol. 91(S1), pages 109-123, June.
    11. Wittwer, Glyn, 2021. "A review of CGE modelling of irrigation developments and policies in Australia," Conference papers 333263, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Neal Hughes & Manannan Donoghoe & Linden Whittle, 2020. "Farm Level Effects of On‐Farm Irrigation Infrastructure Programs in the Southern Murray–Darling Basin," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(4), pages 494-516, December.
    13. Claire Settre & Jeff Connor & Sarah Ann Wheeler, 2017. "Reviewing the Treatment of Uncertainty in Hydro-economic Modeling of the Murray–Darling Basin, Australia," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-35, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aareaj:245950. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.