Focus is on agricultural production of a river basin economy and ecosystem processes relating to climate change and water supply. A generic regulated river basin model of agricultural production is integrated with an existing demand-based macroeconomic model in discrete time which has been developed previously over a series of computer simulation experiments. This is the forerunner to a fully-specified Murray-Darling Basin model. Two crops are in the model - rainfed wheat and irrigated rice - with River Basin Commission revenue and expenditure, as well as exports and imports outside the river basin economy. The model simulates 100 years of production.
Courvisanos, Jerry and Richardson, Colin L.
"Economic Modelling of Climate Change and Water in a Regulated River Basin,"
Journal of Economic and Social Policy:
3, Article 7.
Available at: http://epubs.scu.edu.au/jesp/vol14/iss3/7