Book Chapter
Valuing the Water Used in Peri-urban Regions of Hyderabad, India and in Western Sydney, Australia
Brian Davidson, Hector Malano, Petra Hellegers, Biju George, Bandara Nawarathna
Water Science and Technology Library | SPRINGER | Published : 2014
Abstract
Economic theory suggests that resources should be employed in different sectors to the point where their marginal values are equal. Yet what has been observed in many instances is that the marginal values of a resource tend to differ, depending on what they are used for. While this occurs for a variety of reasons, it is argued in this paper that the observable relative differences in the marginal values of a resource are a measure of the pressures forcing a reallocation of those resources within a region. This issue is most acute in peri-urban regions (those places where cities and the rural environment meet) as the competition between a declining agricultural sector and the growing domestic..
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Funding Acknowledgements
The authors would like to thank the CRC Irrigation Futures and the Australian Centre for International Agricultural Research for funding different parts of this research. In addition the authors would like to acknowledge the helpful comments made by Peter Regan and Mike Reynolds, both of the NSW Department of Primary Industries, and the staff of the International Water Management Institute in Hyderabad. All errors remain the sole responsibility of the authors.