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On the economics of virtual water trade

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  • Reimer, Jeffrey J.

Abstract

Virtual water trade is increasingly recognized as a useful metaphor for thinking about freshwater resources in an international context. Its legitimacy in terms of economic theory has been questioned by a number of authors, however. In this article I develop new theoretical results that place the virtual water concept on a firm economic foundation, and which correct several misconceptions within the existing literature on virtual water economics.

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Bibliographic Info

Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 75 (2012)
Issue (Month): C ()
Pages: 135-139

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Handle: RePEc:eee:ecolec:v:75:y:2012:i:c:p:135-139

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Web page: http://www.elsevier.com/locate/ecolecon

Related research

Keywords: International trade; Water;

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References

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  1. Jeffrey J. Reimer & Man Li, 2010. "Trade Costs and the Gains from Trade in Crop Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(4), pages 1024-1039.
  2. Ansink, Erik, 2010. "Refuting two claims about virtual water trade," Ecological Economics, Elsevier, vol. 69(10), pages 2027-2032, August.
  3. Wichelns, Dennis, 2004. "The policy relevance of virtual water can be enhanced by considering comparative advantages," Agricultural Water Management, Elsevier, vol. 66(1), pages 49-63, April.
  4. Chichilnisky, Graciela, 1994. "North-South Trade and the Global Environment," American Economic Review, American Economic Association, vol. 84(4), pages 851-74, September.
  5. Choi, E. Kwan & Harrigan, James, 2003. "Handbook of International Trade," Staff General Research Papers 11375, Iowa State University, Department of Economics.
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Cited by:
  1. M. Antonelli & R. Roson & M. Sartori, 2012. "Systemic Input-Output Computation of Green and Blue Virtual Water ‘Flows’ with an Illustration for the Mediterranean Region," Water Resources Management, Springer, vol. 26(14), pages 4133-4146, November.
  2. Fracasso, Andrea, 2014. "A gravity model of virtual water trade," MPRA Paper 54124, University Library of Munich, Germany.
  3. Roberto Roson & Martina Sartori, 2013. "Trade-offs in water policy: System-wide implications of changing water availability and agricultural productivity in the Mediterranean economies by 2050," Working Papers 2013:21, Department of Economics, University of Venice "Ca' Foscari".

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