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1 India. Bihar State Irrigation Commission. 1994. Report of the Second Bihar State Irrigation Commission 1994: Volume III - Outline of development and management of water resources of different river basins of Bihar. New Delhi, India: Government of Bihar. xvi, 444p. + annexes.
(Location: IWMI-HQ Call no: 631.7.8 G635 IND Record No: H020331)
2 Bhatia, R. 2003. Cost, price and value of water in alternative uses: A case study of Subernarekha River Basin. In Prasad, K. (Ed.), Water resources and sustainable development: Challenges of 21st Century. Delhi, India: Shipra Publications. pp.357-361.
(Location: IWMI-HQ Call no: 333.91 G000 PRA Record No: H031080)
3 Gupta, D. B.; Mitra, S. 2004. Sustaining Subernarekha River Basin. International Journal of Water Resources Development, 20(3):431-444.
(Location: IWMI-HQ Call no: PER Record No: H035713)
4 SIWI. 2001. Water Security for Cities, Food and Environment – Towards Catchment Hydrosolidarity, Stockholm, August 18, 2001: Proceedings, SIWI Seminar. Stockholm, Sweden: SIWI. 112p. (SIWI Report 13)
(Location: IWMI HQ Call no: 333.91 G000 SWI Record No: H034825)
5 Bhatia, R. 2001. Realigning urban security and economic development in the Subernarekha River Basin, India. In SIWI. Water Security for Cities, Food and Environment – Towards Catchment Hydrosolidarity, Stockholm, August 18, 2001: Proceedings, SIWI Seminar. Stockholm, Sweden: SIWI. pp.71-78.
(Location: IWMI HQ Call no: 333.91 G000 SWI Record No: H034828)
6 Rogers, P.; Bhatia, R.; Huber, A. 1998. Water as a social and economic good: how to put the principle into practice. Stockholm, Sweden: Global Water Partnership (GWP). 35p. (GWP TAC background papers no. 2)
(Location: IWMI HQ Call no: P 8062 Record No: H044228)
(0.23 MB) (232.96KB)
AGENDA 21 AND THE DUBLIN PRINCIPLES put the concept of water as an economic good on the global agenda, and they have received wide acceptance by the world’s water professionals. However, there is substantial confusion about the exact meaning of some of the articulated principles. In particular, it is not clear to many non-economists what is implied by the statement that water is an “economic good” or an “economic and social good.” This paper addresses this lack of understanding by formulating the concept of water as an economic good and explaining, in practical terms, the economic tools that can be used to effect the environmentally, socially, and economically efficient use of water.
The potential role of economic tools in providing socially acceptable public decisions is not widely appreciated, particularly in many highly regulated situations. Furthermore, this paper suggests, contrary to the public perception, that with the improvement of the use of economic tools, the role for government regulation in managing water as an economic good is increased, not decreased. The paper is divided into three sections following this introduction: Section I presents the general principles and methodologies for estimating costs and values in the water sector. In section II, some illustrative estimates of costs and values in urban, industrial, and agricultural sectors are presented based on available data. Section III provides a summary of results and conclusions.
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