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Water 2016, 8(11), 492; doi:10.3390/w8110492

Benefit Transfer for Water Management along the Han River in South Korea Using Meta-Regression Analysis

1
Department of Agricultural and Resource Economics, Kangwon National University, 200-701 Chuncheon, Korea
2
Environmental Policy Research Group, Korea Environment Institute, 30147 Sejong, Korea
3
Korea Forest Research Institute, 130-712 Seoul, Korea
4
Division of Forest Industry Research, National Institute of Forest Science, 02455 Seoul, Korea
5
Institute for Environmental Economics and World Trade, Leibniz University, 30167 Hannover, Germany
6
Department of Plant Ecology, University of Bayreuth, 95440 Bayreuth, Germany
*
Author to whom correspondence should be addressed.
Academic Editors: Julio Berbel, Carlos Gutiérrez-Martín and Julia Martin-Ortega
Received: 19 June 2016 / Revised: 20 October 2016 / Accepted: 21 October 2016 / Published: 31 October 2016
(This article belongs to the Special Issue Water Economics and Policy)
View Full-Text   |   Download PDF [494 KB, uploaded 31 October 2016]   |  

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. View Full-Text
Keywords: benefit sharing; meta-regression analysis; water resource use; benefit transfers benefit sharing; meta-regression analysis; water resource use; benefit transfers
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Shin, H.-J.; Kim, H.N.; Jeon, C.-H.; Jo, M.-W.; Nguyen, T.T.; Tenhunen, J. Benefit Transfer for Water Management along the Han River in South Korea Using Meta-Regression Analysis. Water 2016, 8, 492.

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