Valuing Water for Chinese Industries: A Marginal Productivity Assessment
The marginal productivity of water used for industry varies among sectors in China, but there is great potential for the Chinese government to save water by raising water prices to industry, to encourage water conservation. - Using plant-level data on more than 1,000 Chinese industrial plants, Wang...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Washington, D.C
The World Bank
1999
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Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 URL des Erstveröffentlichers |
Zusammenfassung: | The marginal productivity of water used for industry varies among sectors in China, but there is great potential for the Chinese government to save water by raising water prices to industry, to encourage water conservation. - Using plant-level data on more than 1,000 Chinese industrial plants, Wang and Lall estimate a production function treating capital, labor, water, and raw material as inputs to industrial production. They then estimate the marginal productivity of water based on the estimated production function. Using the marginal productivity approach to valuing water for industrial use, they also derive a model and estimates for the price elasticity of water use by Chinese industries. Previous studies used water demand functions and total cost functions to estimate firms' willingness to pay for water use. They find that the marginal productivity of water varies among sectors in China, with an industry average of 2.5 yuan per cubic meter of water. The average price elasticity of industrial water demand is about -1.0, suggesting a great potential for the Chinese government to use pricing policies to encourage water conservation in the industrial sector. Increasing water prices would reduce water use substantially. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to understand the economics of industrial pollution control in developing countries |
Beschreibung: | 1 Online-Ressource (28 Seiten)) |
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spelling | Lall, Somik Verfasser aut Valuing Water for Chinese Industries A Marginal Productivity Assessment Lall, Somik Washington, D.C The World Bank 1999 1 Online-Ressource (28 Seiten)) txt rdacontent c rdamedia cr rdacarrier The marginal productivity of water used for industry varies among sectors in China, but there is great potential for the Chinese government to save water by raising water prices to industry, to encourage water conservation. - Using plant-level data on more than 1,000 Chinese industrial plants, Wang and Lall estimate a production function treating capital, labor, water, and raw material as inputs to industrial production. They then estimate the marginal productivity of water based on the estimated production function. Using the marginal productivity approach to valuing water for industrial use, they also derive a model and estimates for the price elasticity of water use by Chinese industries. Previous studies used water demand functions and total cost functions to estimate firms' willingness to pay for water use. They find that the marginal productivity of water varies among sectors in China, with an industry average of 2.5 yuan per cubic meter of water. The average price elasticity of industrial water demand is about -1.0, suggesting a great potential for the Chinese government to use pricing policies to encourage water conservation in the industrial sector. Increasing water prices would reduce water use substantially. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to understand the economics of industrial pollution control in developing countries Online-Ausg Economic Theory and Research Energy Energy Production and Transportation Environment Environmental Economics and Policies Groundwater Industrial Sector Industrial Use Industrial Water Industrial Water Demand Industrial Water Use Industry Infrastructure Economics and Finance Infrastructure Regulation Macroeconomics and Economic Growth Municipal Wastewater Pollution Production Process Research River Basins Rivers Town Water Supply and Sanitation Water Water Conservation Water Recycling Water Resources Water Shortage Water Shortages Water Supply Water Supply and Sanitation Water Supply and Sanitation Governance and Institutions Water Supply and Systems Water Treatment Water Use Water and Industry Wang, Hua Sonstige oth Lall, Somik Sonstige oth Lall, Somik Valuing Water for Chinese Industries http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2236 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lall, Somik Valuing Water for Chinese Industries A Marginal Productivity Assessment Economic Theory and Research Energy Energy Production and Transportation Environment Environmental Economics and Policies Groundwater Industrial Sector Industrial Use Industrial Water Industrial Water Demand Industrial Water Use Industry Infrastructure Economics and Finance Infrastructure Regulation Macroeconomics and Economic Growth Municipal Wastewater Pollution Production Process Research River Basins Rivers Town Water Supply and Sanitation Water Water Conservation Water Recycling Water Resources Water Shortage Water Shortages Water Supply Water Supply and Sanitation Water Supply and Sanitation Governance and Institutions Water Supply and Systems Water Treatment Water Use Water and Industry |
title | Valuing Water for Chinese Industries A Marginal Productivity Assessment |
title_auth | Valuing Water for Chinese Industries A Marginal Productivity Assessment |
title_exact_search | Valuing Water for Chinese Industries A Marginal Productivity Assessment |
title_exact_search_txtP | Valuing Water for Chinese Industries A Marginal Productivity Assessment |
title_full | Valuing Water for Chinese Industries A Marginal Productivity Assessment Lall, Somik |
title_fullStr | Valuing Water for Chinese Industries A Marginal Productivity Assessment Lall, Somik |
title_full_unstemmed | Valuing Water for Chinese Industries A Marginal Productivity Assessment Lall, Somik |
title_short | Valuing Water for Chinese Industries |
title_sort | valuing water for chinese industries a marginal productivity assessment |
title_sub | A Marginal Productivity Assessment |
topic | Economic Theory and Research Energy Energy Production and Transportation Environment Environmental Economics and Policies Groundwater Industrial Sector Industrial Use Industrial Water Industrial Water Demand Industrial Water Use Industry Infrastructure Economics and Finance Infrastructure Regulation Macroeconomics and Economic Growth Municipal Wastewater Pollution Production Process Research River Basins Rivers Town Water Supply and Sanitation Water Water Conservation Water Recycling Water Resources Water Shortage Water Shortages Water Supply Water Supply and Sanitation Water Supply and Sanitation Governance and Institutions Water Supply and Systems Water Treatment Water Use Water and Industry |
topic_facet | Economic Theory and Research Energy Energy Production and Transportation Environment Environmental Economics and Policies Groundwater Industrial Sector Industrial Use Industrial Water Industrial Water Demand Industrial Water Use Industry Infrastructure Economics and Finance Infrastructure Regulation Macroeconomics and Economic Growth Municipal Wastewater Pollution Production Process Research River Basins Rivers Town Water Supply and Sanitation Water Water Conservation Water Recycling Water Resources Water Shortage Water Shortages Water Supply Water Supply and Sanitation Water Supply and Sanitation Governance and Institutions Water Supply and Systems Water Treatment Water Use Water and Industry |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2236 |
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