Methods for Approximating the Shadow Price of Water in China

Xiuli Liu and Xikang Chen

Economic Systems Research, 2008, vol. 20, issue 2, 173-185

Abstract: Using the input-output tables for water conservancy for the nine major river basins in China in combination with linear programming techniques, we calculate the shadow prices of industrial water and productive water in the nine river basins. After the results are subjected to factor analysis, the shadow prices of industrial water and productive water are obtained for each Chinese province in 1999. Then, nonlinear models for calculating the shadow price of water in specific counties are given. They appear to be valuable tools for setting reasonable water prices and establishing a market for water in China.

Keywords: Water resources; shadow price; input-output model; linear programming; nonlinear models (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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DOI: 10.1080/09535310802075349

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