Benefit transfer for water management along the han river in south korea using meta-regression analysis

authored by: Hio Jung Shin, Hyun No Kim, Chul Hyun Jeon, Min Woo Jo, Trung Thanh Nguyen, John Tenhunen
Abstract: This study estimates the magnitude of economic benefits that are justified in transfer from downstream users to upstream users for the use of the Han River in South Korea in terms of foregone economic benefits by regulations. Based on the existing non-market valuation studies associated with water management issues in South Korea from 1997 to 2014, a meta-regression analysis was performed to provide alternatives for regional benefit sharing of water resource use. The benefits from the use of water resource along the Han River are estimated on average to be KRW 7,728 (US $7.7) per household per month. The total net benefits are estimated to be about KRW 449 billion (US $449 million) per year. Following the principle regarding equal distribution of benefits, the stakeholders who received more net benefits than others should return their extra net benefits to other stakeholders through a policy tool such as tradable development rights. The results of our study provide economic indicators useful for the establishment of common resource policy and to consider stakeholders' rights within the framework of regional benefits. This study also provides practical solutions that could be used as a valid policy instrument to mediate the conflicts and disputes associated with water resource use.
Organisation(s): Institute of Environmental Economics and World Trade
External Organisation(s): Kangwon National University
Korea Environment Institute (KEI)
National Institute of Forest Science
University of Bayreuth
Type: Article
Journal: Water (Switzerland)
Volume: 8
ISSN: 2073-4441
Publication date: 31.10.2016
Publication status: Published
Peer reviewed: Yes
ASJC Scopus subject areas: Biochemistry, Geography, Planning and Development, Aquatic Science, Water Science and Technology
Sustainable Development Goals: SDG 6 - Clean Water and Sanitation
Electronic version(s): https://doi.org/10.3390/w8110492 (Access: Open)