Economic Modeling of Water—The Australian CGE Experience

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.

Jan Marie Fritz, Ph.D., a Certified Clinical Sociologis (CCS), is Professor of Health Policy and Planning in the School of Planning at the University of Cincinnati. She also is affiliated with the Department of Women's Studies and the Department of Sociology. She is the author or editor of more than 90 publications including six editions of The Clinical Sociology Resource Book and publications on mediation in French and Italian. She is a vice president of the International Sociological Association (an approximately 4000 member organization based in Spain), and a former president of national and international practice organizations. She has been a mediator for 25 years for small claims, equal employment opportunity, special education and workplace disputes. She also has facilitated organizational and community meetings concerned with dispute analysis and resolution. She teaches mediation and environmental dispute resolution at the University of Cincinnati, has trained mediators in Italy and the United States, is a former member of the U.S. Environmental Protection Agency's, ?National Environmental Justice Advisory Council's committee on research and health, and has given presentations about mediation in many countires including Australia, Greece, Venezuela, South Africa and Japan.