ECONOMIC ASSESSMENT OF WATER TRADE RESTRICTIONS IN THE MURRAY DARLING BASIN
ECONOMIC ASSESSMENT OF WATER TRADE RESTRICTIONS IN THE MURRAY DARLING BASIN
复制标题
墨累达令盆地水贸易限制的经济评估
DOI:
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发表时间:
2006
期刊:
影响因子:
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通讯作者:
M. Kirby
中科院分区:
文献类型:
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作者:
M. Proctor;M. Kirby
Water markets across Australia contain many restrictions and the peak intergovernmental forum, the Council of Australian Governments (CoAG) and others have proposed that water markets should be freed up so that the net contribution that water makes to the economy is increased. Using an model of the southern Murray River Basin system, this paper estimates the cost of existing restrictions and changes in the contribution that water makes to the economy if, at least, the temporary market for water was unrestricted. The model used is a short-run annual model which assumes that water entitlements are distributed so as to maximise returns in an “average” year. No account is taken of the case for permanent trading driven by underlying opportunities to reconfigure land and water use in the southern Murray River Basin system. Allowing trade from intraregional only to interregional trade has increased net returns from $2502 million to $2590 million (i.e. an increase of $88 million). When a comparison is made between no restriction, no charges and no spatial exchange rates on free trade to a case when there are restrictions and charges and exchange rates are applicable, the trading restrictions, charges, and spatial exchange rates reduce net returns from $2590 million to $2573 million (i.e. a reduction by $17 million). The exclusion of South Australia, New South Wales and Victoria reduces net returns by $27 million, $31 million and $63 million from water trading in Scenarios C, D and E, respectively. The difference of $10 million, $14 million and $46 million reflect the costs of preventing these states from entering in the water market.