IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The Value of Water: Economics of Water for a Sustainable Use

Listed author(s):
  • Juan E. Chebly

    (Simon Bolivar University, Venezuela)

Registered author(s):

    The following work deals with a very controversial but nevertheless very important topic in the sustainable management of water as a natural resource: the value of water and the macroeconomics of water. Population growth, increasing demand, climate change and declining water supplies present a short- and medium-term outlook where water stress and shortages may keep arising. Water stress is a situation that arises “… when water demand is more important than the amount available for a specified period or when it is restricted by its low quality.” This in turn “… causes deterioration of resources fresh water in terms of quantity (aquifer overexploited, dry rivers, etc.) and quality (eutrophication, organic matter pollution, saline intrusion, etc.).” (UNEP, 2012) If global patterns continue, we can see that we are headed into an increasingly complex landscape where water mismanagement increasingly compromises water availability. Added to this we have the phenomenon of climate change, which is already having an impact on water systems and cycles globally. This is why we must change the ethnocentric approach of our current development model, where resources are exploited without regard for the future. This analysis will use another approach based on sustainable development, and will go beyond ideological approaches and economic or political agendas, to treat water management and the macroeconomics of water pragmatically. Life on the planet depends on our success to manage our water resources in an efficient, responsible and fair manner; this paper provides the general guidelines and practical recommendations to do so.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Economic and Social Studies in its journal Economic and Social Review.

    Volume (Year): 45 (2014)
    Issue (Month): 2 ()
    Pages: 207-222

    in new window

    Handle: RePEc:eso:journl:v:45:y:2014:i:2:p:207-222
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eso:journl:v:45:y:2014:i:2:p:207-222. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martina Lawless)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.