Current Project
Economic Valuation of Natural Resources, Estimating Reallocation Cost of Water Resources
Sustainable development is strictly tied to wise use of environment and natural resources. In the past, water management plans has often been oriented towards direct use values, while ignoring the non-use and indirect values. Because of the importance of the environmental services provided by water resources, better water management requires environmental beside the economic concerns.
Since agriculture has the major share of the raw water use in developing countries, with the aim of providing a support for policy makers in the agriculture development plans, we apply economic methods to identify the non-marketed gaps and monetize the real economic value of water.
This will be done by applying a production function approach and welfare measurement in agriculture sector in Lake Urmia basin, to examine the reallocation cost of raw water between agriculture and environmental needs.
Supervisor: Prof. Dr. Helmut Karl
