World Scientific
Skip main navigation

Cookies Notification

We use cookies on this site to enhance your user experience. By continuing to browse the site, you consent to the use of our cookies. Learn More
×
Our website is made possible by displaying certain online content using javascript.
In order to view the full content, please disable your ad blocker or whitelist our website www.worldscientific.com.

System Upgrade on Mon, Jun 21st, 2021 at 1am (EDT)

During this period, the E-commerce and registration of new users may not be available for up to 6 hours.
For online purchase, please visit us again. Contact us at [email protected] for any enquiries.

CHAPTER 4: Review of CGE Models of Water Issues

    Abstract:

    Computable general equilibrium (CGE) models offer a method of studying the role of water resources and water scarcity in the context of international trade. This chapter reviews the literature on water-related CGE modeling by providing a survey that focuses on the implications of different modeling techniques of water resource. We differentiate between models that explicitly model water as a factor of production and those that model water as an implicit factor of production. Within the category of studies that model water explicitly we further differentiate between models that assume a high degree of substitution between water and primary factors and those that assume a low degree of substitution. We also differentiate between regional and global models. Further, we provide information on the type of analysis the model was used for.