https://scholars.lib.ntu.edu.tw/handle/123456789/637274
標題: | The impacts of water storage infrastructure on real property values and crop production | 作者: | Hsu, Chia Chen YAU-HUO (JIMMY) SHR |
關鍵字: | Agriculture production | Non-market valuation | Property value model | Reservoir | Sustainable water management | 公開日期: | 1-十二月-2023 | 卷: | 247 | 來源出版物: | Water Research | 摘要: | Water storage infrastructure is an indispensable part of many water supply systems, and its importance is experiencing a resurgence due to the increasing water irregularity induced by climate change and ever-growing water demand. Leveraging the commission of Hushan Reservoir in Taiwan as a quasi-experiment, this study provides some of the first causal evidence of the economic benefits of a reservoir from housing market and crop production for guiding sustainable water management. Using the administrative property transaction data and a spatial difference-in-differences framework, we find that the commission of Hushan Reservoir increases the values of residential property and farmlands by 4.1 and 8.9 %, respectively. We also find that enhanced irrigation water availability increases rice yield by over 4 % but has no impact on planted areas. Despite expectations of reduced groundwater use, our results show no evidence of a rebound in groundwater levels in the four years following the commission of the reservoir. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85175652132&doi=10.1016%2fj.watres.2023.120786&partnerID=40&md5=7e9d3467bf2db36a720f2e4a094834e4 https://scholars.lib.ntu.edu.tw/handle/123456789/637274 |
ISSN: | 00431354 | DOI: | 10.1016/j.watres.2023.120786 |
顯示於: | 農業經濟學系 |
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