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2008 Conference (52nd), February 5-8, 2008, Canberra, Australia >
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| Title: | Institutional Constraints and Inter-jurisdictional Water Trade: The Case of the Australian Capital Territory and New South Wales |
| Authors: | Pagan, Phil
Crase, Lin |
| Authors (Email): | Crase, Lin (l.crase@latrobe.edu.au) |
| Issue Date: | 2008 |
| Series/Report no.: | Conference Paper |
| Abstract: | Water trade remains a contentious political issue in Australia, regardless of
the acknowledged benefits to which economists continually refer. At least two
sources of concern arise in discussions about water trade. First, concerns are
often expressed about inter-sectoral ramifications. These usually take the
form of prophecies about the profligate growth of urban centres being
achieved at the expense of regional and rural communities. Second, mention
of unfettered trade between jurisdictions is usually sufficient to provoke
rhetoric that draws upon long-standing rivalries between states. This paper
considers the benefits of water trade between agricultural interests in the
Murrumbidgee Valley in New South Wales and the predominantly urban users
in the Australian Capital Territory. The paper goes beyond the standard
economic analysis by also pointing to the range of institutionally-based
constraints that circumscribe the operation of water markets. In this regard,
the arguments in the paper offer a salient caveat to the bold predictions of the
National Water Plan and related statements on the operational dimensions of
water policy. |
| URI: | http://purl.umn.edu/6035 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia |
| Total Pages: | 28 |
| Collections: | 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
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