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Water Resources Management

Erschienen in:

01.01.2013

An Econometric Analysis of Residential Water Demand in Cyprus

verfasst von: Alexandros Polycarpou, Theodoros Zachariadis

Erschienen in: Water Resources Management | Ausgabe 1/2013

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Abstract

This paper analyses econometrically residential water demand in the three major urban areas of Cyprus, a semi-arid country with medium to high income levels. Water demand turns out to be inelastic, but not insensitive, to prices; price elasticity is less than unity in absolute terms, but significantly different from zero. The analysis further shows that periodic interruptions in household water supply, which were applied as an urgent water saving measure in 2008–2009, did not encourage water conservation among the population. The paper discusses these results, pointing at the need for appropriate water pricing policies and long-term planning in order to move towards sustainable water resource management.

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Nächster Artikel Erratum to: Forecasting Urban Water Demand Via Wavelet-Denoising and Neural Network Models. Case Study: City of Syracuse, Italy

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Alternative specifications were also tested, with time trends, seasonal dummy variables and time lags of several independent variables, but none of these turned out to be statistically significant.

The specification assumes that elasticities are constant throughout the sample. This is a simplification because consumer response (expressed in elasticities) will probably be different at very different income or price levels, but the available dataset is not rich enough to enable the use of more complex model specifications that allow elasticities to vary.

Note that there was essentially no change in water prices during the period of disruptions.

Barberán and Arbués (2009) discuss social equity considerations in designing water prices. Zachariadis (2010) discusses relevant policy options for the case of Cyprus.

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Zachariadis T (2010) Residential water scarcity in cyprus: impact of climate change and policy options. Water 2:788–814CrossRef

Zoumides C, Zachariadis T (2009) Irrigation water pricing in southern europe and cyprus: the effects of the EU common agricultural policy and the water framework directive. Cyprus Econ Policy Rev 3:99–122

Titel: An Econometric Analysis of Residential Water Demand in Cyprus
verfasst von: Alexandros Polycarpou
Theodoros Zachariadis
Publikationsdatum: 01.01.2013
Verlag: Springer Netherlands
Erschienen in: Water Resources Management / Ausgabe 1/2013
Print ISSN: 0920-4741
Elektronische ISSN: 1573-1650
DOI: https://doi.org/10.1007/s11269-012-0187-x

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