Applications of the Methods in a Maturing Water Economy

No AccessJun 2018Applications of the Methods in a Maturing Water EconomyAuthors/Editors: Susanne M. Scheierling, David O. TréguerSusanne M. ScheierlingSearch for more papers by this author, David O. TréguerSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1298-9_ch5AboutView ChaptersFull TextPDF (0.4 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Analyzes each of the four methods used to assess water use productivity and efficiency—single-factor productivity measures, total factor productivity indices, frontier methods, and deductive methods—with regard to their usefulness when applied in the expansionary or mature phases of the water economy, discussing the relevance of the methods in the different contexts and providing some implications for going forward. Overall, the four methods with their stronger incorporation of water-related aspects have some advantages over benefit-cost analyses, the main assessment method in the expansionary phase of the water economy; yet caution remains necessary when using some of them for assessing adaptation interventions in a maturing water economy. Deductive methods probably remain the most suitable tool given their flexibility to reflect different hydrologic settings, as well as policy and institutional contexts, but limitations exist, and as water economies mature, it proves necessary to design interventions with local hydrologic, policy, and institutional contexts in mind. ReferencesOECD (Organisation for Economic Co-operation and Development). 2015. Policy Approaches to Droughts and Floods in Agriculture. Joint Working Party on Agriculture and the Environment, September. Trade and Agriculture Directorate and Environment Directorate. Paris: OECD. Google ScholarScheierling, S M and D O Tréguer. 2016. “Investing in Adaptation: The Challenge of Responding to Water Scarcity in Irrigated Agriculture.” Federal Reserve Bank of Kansas City Economic Review. Special Issue on Agriculture’s Water Economy, 75–100. Google ScholarScheierling, S M, R A Young, and G E Cardon. 2006. “Public Subsidies for Water-Conserving Irrigation Investments: Hydrologic, Agronomic, and Economic Assessment.” Water Resources Research 42 (3), W03428 (11 pages). doi:10.1029/2004WR003809. Google ScholarYoung, R A 2005. Determining the Economic Value of Water: Concepts and Methods. Washington, DC: Resources for the Future. Google ScholarYoung, R A and R H Haveman. 1985. “Economics of Water Resources: A Survey.” In Handbook of Natural Resource and Energy Economics, edited by Kneese, A V and J L Sweeney vol., II. 465–529. Amsterdam: Elsevier Science Publishers. Google Scholar Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: June 2018ISBN: 978-1-4648-1298-9 Copyright & Permissions Related TopicsAgricultureWater Resources KeywordsWATER RESOURCE MANAGEMENTWATER SECURITYWATER USEIRRIGATIONHYDROLOGICAL MODELINGHYDROLOGICAL CYCLESINFRASTRUCTURE INVESTMENTTOTAL FACTOR PRODUCTIVITYDEDUCTIVE ANALYSISCOST-BENEFIT ANALYSISADAPTATION PDF DownloadLoading ...