Institutional Constraints and Inter-jurisdictional Water Trade: The Case of the Australian Capital Territory and New South Wales Report as inadecuate




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Water trade remains a contentious political issue in Australia, regardless ofthe acknowledged benefits to which economists continually refer. At least twosources of concern arise in discussions about water trade. First, concerns areoften expressed about inter-sectoral ramifications. These usually take theform of prophecies about the profligate growth of urban centres beingachieved at the expense of regional and rural communities. Second, mentionof unfettered trade between jurisdictions is usually sufficient to provokerhetoric that draws upon long-standing rivalries between states. This paperconsiders the benefits of water trade between agricultural interests in theMurrumbidgee Valley in New South Wales and the predominantly urban usersin the Australian Capital Territory. The paper goes beyond the standardeconomic analysis by also pointing to the range of institutionally-basedconstraints that circumscribe the operation of water markets. In this regard,the arguments in the paper offer a salient caveat to the bold predictions of theNational Water Plan and related statements on the operational dimensions ofwater policy.

Subject(s): Community/Rural/Urban Development

Public Economics

Resource /Energy Economics and Policy

Issue Date: 2008

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/6035

Total Pages: 28

Series Statement: Conference Paper

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia





Author: Pagan, Phil ; Crase, Lin

Source: http://ageconsearch.umn.edu/record/6035?ln=en







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