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.
Inhaltsverzeichnis
Foreword. - Preface. - 1. Practical Policy Analysis Using TERM. - PART I: The TERM Approach. - 2. The TERM Model and its Data Base. - 3. Introducing Dynamics to TERM. - PART II: Water Modeling. - 4. Water Resources Modeling: A Review. - 5. The Theory of TERM-H2O. - 6. Buybacks to Restore the Southern Murray-Darling Basin. - 7. The Economic Consequences of a Prolonged Drought in the Southern Murray-Darling Basin. - 8. Urban Water Supply: A Case Study of South-east Queensland. - 9. Applying TERM-H2O to Other Countries. - Index.
