As water has become a scarce resource, international organisations predict that the problem of water scarcity will become acute. This study investigates the role of socio-political factors such as the forward-looking water pricing hypothesis and the impact of globalisation as determinants of water pricing in 22 selected countries. Our statistical estimation results have two important policy implications. First, the statistical significance of the variable for the forward-looking water pricing hypothesis indicates the need for further debate and discussion about current and predicted water shortage problems at an international level. Second, the estimation results also indicate that globalisation via membership of international environmental organisations and promoting the activities of multinational companies should be encouraged, so that countries can enjoy positive information spill-overs and mutual knowledge acquisition through their interaction with the rest of the world.
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Research Article|
August 01 2007
Determinants of water pricing – a regression analysis with cross-country data Available to Purchase
Byung S. Min
1Department of International Business and Asian Studies, Griffith University, Nathan, Qld 4111, Australia
Tel:+61-7-3875 5248 Fax:+61-7-3875 5111; E-mail: [email protected]
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Water Policy (2007) 9 (4): 363–372.
Article history
Received:
March 09 2005
Accepted:
March 29 2006
Citation
Byung S. Min; Determinants of water pricing – a regression analysis with cross-country data. Water Policy 1 August 2007; 9 (4): 363–372. doi: https://doi.org/10.2166/wp.2007.013
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