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Virtual water and input-output model framework: an alternative way to assess trade and water consumption in FYR Macedonia

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  • Hristov, Jordan
  • Martinovska-Stojcheska, Aleksandra
  • Surry, Yves

Abstract

This study aims to analyse the water consumption of the Macedonian economic sectors and their trade strategies by means of virtual water in an input-output (IO) framework. By analysing the trade balance we determine that as consequence of high virtual water content and significant exports of some sectors, Macedonia is a net exporter of virtual water and lost around 124 million of m3 water at 2005 level or 18% of the total water consumption. Considering a policy option of export nullification for the most water-intensive products with significant net positive exports, yields a substantial water savings by 42.53% of the total water consumption.

Suggested Citation

  • Hristov, Jordan & Martinovska-Stojcheska, Aleksandra & Surry, Yves, 2014. "Virtual water and input-output model framework: an alternative way to assess trade and water consumption in FYR Macedonia," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182985, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182985
    DOI: 10.22004/ag.econ.182985
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    References listed on IDEAS

    as
    1. Erik Dietzenbacher & Esther Velazquez, 2007. "Analysing Andalusian Virtual Water Trade in an Input-Output Framework," Regional Studies, Taylor & Francis Journals, vol. 41(2), pages 185-196.
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