The shadow prices and demand elasticities of agricultural water in China: A StoNED-based analysis

Xiaobo Shen and Boqiang Lin ()

Resources, Conservation & Recycling, 2017, vol. 127, issue C, 21-28

Abstract: Based on stochastic nonparametric envelopment of data, this paper estimates the shadow prices of agricultural water and the technical efficiencies, using an input-output data of 30 provincial units in Mainland China from 2002 to 2012. The results show that the average shadow price estimates for agricultural water range between 2.57 yuan/m3 and 3.88 yuan/m3; the estimated price elasticity of agricultural water is 0.12, and that improving technical efficiencies of the agricultural sector has a significant effect on the water demand. That means the prospect of reducing the amount of agricultural water depends on the improvement of technical efficiency and the spread of water-saving irrigation techniques.

Keywords: Agricultural water; Shadow price; Price elasticity of demand; China (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:recore:v:127:y:2017:i:c:p:21-28

DOI: 10.1016/j.resconrec.2017.08.010

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