Document Type

Journal Article

Department/Unit

Department of Economics

Title

Managing a scarce resource in a growing Asian economy: Water usage in Hong Kong

Language

English

Abstract

An econometric analysis of Hong Kong's monthly per capita water usage for the 25-year period of April 1985 through March 2010 reveals that per capita usage is insensitive to price but dependent upon past usage, per capita income, weather, and seasonal factors, with rising income countering what would otherwise be a downward trend. Given Hong Kong's current inflationary environment and large government budget surplus, these findings affirm the Hong Kong Water Supplies Department's adopted strategy of total water management towards sustainable use of water resources, in lieu of either periodic service interruption or price increases as policy instruments. © 2012 Elsevier Inc..

Keywords

Demand-side management, Hong Kong, Partial-adjustment regression model, Price elasticity, Water-usage elasticity

Publication Date

2012

Source Publication Title

Journal of Asian Economics

Volume

23

Issue

4

Start Page

374

End Page

382

Publisher

Elsevier

DOI

10.1016/j.asieco.2012.03.007

ISSN (print)

10490078

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