Abstract
This paper surveys the empirical economic literature focused on the determinants of industrial water demand. Both the methodological issues and the outcomes of the previous studies are presented and discussed. Attention is given to key methodological issues, such as the available information, the type of data used, the specification of the variables, the choice of the estimated function, its functional form, and the estimation techniques used, highlighting the issues that require greater attention in future studies. Regarding the results, we focus on the estimated elasticities in order to know how the price of water, the level of activity, and the prices of the other inputs influence the demand for water.
Highlights
Literature. Water 2021, 13, 1684.The growth of population, urbanization, and productive activity, together with the effects of climate change, are exacerbating the water scarcity and water quality problems that face many areas of the planet, endangering people’s health, conservation of natural ecosystems, and sustainability of economic development [1]
This review of the literature about the economic determinants of industrial water demand has pursued two objectives: first, to analyse the most relevant methodological issues in this research field; second, to summarise and discuss the main results obtained by this literature
The information derived from the first objective is essentially of interest for researchers focused on the estimation of the determinants of industrial water demand, whereas the summary and discussion of previous results may be useful for policy makers on water management
Summary
Literature. Water 2021, 13, 1684. The growth of population, urbanization, and productive activity, together with the effects of climate change, are exacerbating the water scarcity and water quality problems that face many areas of the planet, endangering people’s health, conservation of natural ecosystems, and sustainability of economic development [1]. The specific objectives pursued are to analyse the most relevant methodological issues in this research field and the main results obtained by this literature. The former is a useful tool for researchers when estimating industrial water demand and the latter provides valuable information for both researchers and policy makers in charge of water management policies. This is a start-of-the-art about a relevant economic field of study that is meant to serve as a guide for future studies, since meta-analysis is outside the scope of this paper.
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