Abstract
TERM entails a more detailed representation of regional economies than any previous multi-regional national CGE model. This has broadened the array of policy topics covered using a CGE model. In this book, we concentrate on applications of TERM to rural and urban water issues.
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Notes
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A Western Australian politician, Eric Ripper, summarised the crisis in a media statement (20 April 2010) downloadable from http://www.pdc.wa.gov.au/media/66775/20100420%20port%20hedland%20housing%20crisis.pdf
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Moreover, despite legal reforms concerning ownership of property in China over the past decade, the state still owns all land. It may be premature to model water in China as though market mechanisms can play a role in its allocation.
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Wittwer, G. (2012). Practical Policy Analysis Using TERM. In: Wittwer, G. (eds) Economic Modeling of Water. Global Issues in Water Policy, vol 3. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-2876-9_1
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DOI: https://doi.org/10.1007/978-94-007-2876-9_1
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