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A multi-period positive mathematical programming approach for assessing economic impact of drought in the Murray-Darling Basin, Australia AgEcon
Qureshi, Muhammad Ejaz; Ahmad, Mobin-ud-Din; Whitten, Stuart M.; Kirby, Mac.
In the last decade, the Murray-Darling Basin (MDB), Australia faced a severe drought which affected its agriculture production. Sustainable diversion limits as proposed in the Australian Government’s basin plan together with climate change is expected to impact on future agriculture production and development in the MDB. We developed a biophysical-economic mathematical model calibrated against the observed multi-period land use data utilising the positive mathematical programming (PMP) approach to evaluate the impacts on agricultural production activities of a range of climate events and policy options. This is an extension of our previous work where the model was calibrated against a single year and focus was on the southern MDB only. The multi-period...
Tipo: Presentation Palavras-chave: Integrated hydrology and economic model; Multi-period calibration; Climate change; Drought; Agriculture; Positive mathematical programming; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/124418
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