Hsu, Chia ChenChia ChenHsuYAU-HUO (JIMMY) SHR2023-11-202023-11-202023-12-0100431354https://www.scopus.com/inward/record.uri?eid=2-s2.0-85175652132&doi=10.1016%2fj.watres.2023.120786&partnerID=40&md5=7e9d3467bf2db36a720f2e4a094834e4https://scholars.lib.ntu.edu.tw/handle/123456789/637274Water 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.enAgriculture production | Non-market valuation | Property value model | Reservoir | Sustainable water managementjournal article10.1016/j.watres.2023.120786379258572-s2.0-85175652132https://api.elsevier.com/content/abstract/scopus_id/85175652132