Valuing groundwater in a productive aquifer using the productionfunction approach: the case of rice production in Limban, Laguna, Philippines
Issue Date
12-2018
Abstract
Establishment of the price of groundwater is a necessary step in designing means for its sustainable management in rice production. There are several techniques that can be used in groundwater valuation. It is important to identify a valuation method that is appropriate to existing natural conditions within which the groundwater is situated. This paper aims to estimate the value of groundwater in a productive aquifer that is located in Lumban, Laguna, Philippines. Based on an estimated rice production function, the paper revealed that the value of groundwater extracted for rice production is approximately PhP 1.13 per m3 . Out of this estimated economic value, resource rent is roughly 66% while the remainder covers the financial cost associated with groundwater extraction.
Source or Periodical Title
Journal of Economics, Management and Agricultural Development
ISSN
2546-1001
Volume
4
Issue
2
Page
45-56
Document Type
Article
College
College of Economics and Management (CEM)
Frequency
semi-annually
Physical Description
tables
Language
English
Subject
rice production, groundwater extraction, productive aquifer, production function approach
Recommended Citation
Quilloy, Antonio Jesus A.; Yorobe, Jose M.; Ella, Victor B.; Lansigan, Felino P.; and Cruz, Rex Victor O., "Valuing groundwater in a productive aquifer using the productionfunction approach: the case of rice production in Limban, Laguna, Philippines" (2018). Journal Article. 5462.
https://www.ukdr.uplb.edu.ph/journal-articles/5462
En – AGROVOC descriptors
ORYZA; RICE FIELDS; GROUNDWATER; AQUIFERS; PRODUCTION FUNSTIONS; PHILIPPINES