Virtual water and the inequality in water content of consumption
Bibliographic Data
| ID | 21690939 |
|---|---|
| Authors | Mohamad Afkhami, Thomas Bassetti (0000-0003-0172-6658, University of Padua), Hamed Ghoddusi (California Polytechnic State University), Filippo Pavesi (0000-0002-4145-6632, Stevens Institute of Technology, corresponding author) |
| Year | 2022 |
| Volume | 27 |
| Issue | 5 |
| Pages | 470-490 |
| Publication date | 2022-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Development Economics (JOURNAL) |
| Journal identifiers | ISSN: 1355-770X • E-ISSN: 1469-4395 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s1355770x21000401 |
| OpenAlex | W4220737155 |
| Language | EN |
| Citations received | 1 |
| References cited | 47 |
We present evidence that international trade may exacerbate the initial unequal distribution of hydric resources. This result is driven by the fact that countries exporting agricultural goods are relatively abundant (with respect to capital) in the combined availability of water and arable land but, in absolute terms, scarce in capital and not richer in water in comparison to more developed ones. Due to both the scarcity of capital and the lower relative price of natural resources with respect to capital, the total value of production in these developing countries is modest, implying that international trade can lead to a less even distribution of the water content of consumption. Policies sustaining water prices and, more generally, those of natural resources (or lower capital costs) may contribute to offsetting this effect and allow for trade to play a positive role in reducing the uneven distribution of water endowments
Agricultural economics · Agriculture · Arable land · Economics · Microeconomics · Natural capital · Natural resource · Natural resource economics · Virtual water · Water scarcity · Climate Change Policy and Economics · Fiscal Policy and Economic Growth · Water resources management and optimization
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| Citations per year | 0.33 |
|---|---|
| Citation span | 2023 - 2023 (1) |
| Highly cited | No |