This paper investigates the causality between urban water consumption and regional economic growth in Taejeon, Korea by using the cointegration and error-correction models. It employs annual data covering the period 1973–2001. The overall results support the existence of unidirectional...

This paper attempts to measure the economic benefits of tap water supply services in some urban areas of Korea. According to micro-economic theory, the economic benefit of water consumed is the sum of the actual water price and the additional willingness to pay (WTP) for the consumption. We...

Water is important to manufacturing firms because industrial water is used for a variety of purposes as one of the most important inputs in the production process. This paper estimates the economic value of water in the Korean manufacturing industry by employing the concept of the value of...