Methodological Approach to Comprehensive Economic Evaluation of Water Resources

Valeriy Mandzyk
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Valeriy Mandzyk: Public Institution "Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine", Kyiv

Economics of Nature and the Environment, 2014, 76-79

Abstract: As a result of this research, the methodical approaches to comprehensive economic assessment of water resources are worked out. In particular, it is offered to conduct the comprehensive economic assessment in three stages. In the first stage, the economic assessment of water resources as the basis of human life is carried out. The result of this assessment is the monetary value of social and environmental significance of water resource of water body for human and the environment. The main method being used is relatively questionnaire, according to the EU Framework Directive on the assessment of water resources. In the second stage, the normative evaluation of water resources is carried out. It is defined as the amount of current annual expenditures on the formation and protection of water resources available for using, and economic assessment of water as a natural resource that corresponds to the marginal costs of attracting one additional unit of water into circulation. In the third stage, they assess water resources by rent effect of economic use. In particular, the definition and examples of the cost of 1 cbm of water based on the marginal costs or water differential rent of the second kind for certain types of business are worked out.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ene:journl:y:2014:p:76-79

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