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Evaluation of underutilized resources in water resource development
Author(s) -
Chalmers James A.,
Threadgill J. Randall
Publication year - 1981
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr017i003p00455
Subject(s) - resource (disambiguation) , conceptual framework , work (physics) , water resources , environmental resource management , computer science , business , environmental planning , management science , risk analysis (engineering) , engineering , geography , economics , sociology , computer network , ecology , biology , mechanical engineering , social science
Existence of underutilized resources has been recognized as important in the evaluation of the economic cost of water resource development projects. Recent concern with socioeconomic impact during project construction has reemphasized the importance of the level of local resource utilization in project assessment procedures. This paper surveys the consideration of underutilized resources in the economics literature, reviews several empirical attempts to measure the importance of the phenomenon, and develops a conceptual framework within which to examine the issue. The proposed conceptual framework provides guidance in interpreting existing empirical work and identifies promising lines of future research.