Journal
ECOLOGICAL ECONOMICS
Volume 75, Issue -, Pages 135-139Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ecolecon.2012.01.011
Keywords
International trade; Water
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Virtual water trade is increasingly recognized as a useful metaphor for thinking about freshwater resources in an international context. Its legitimacy in terms of economic theory has been questioned by a number of authors, however. In this article I develop new theoretical results that place the virtual water concept on a firm economic foundation, and which correct several misconceptions within the existing literature on virtual water economics. (C) 2012 Elsevier B.V. All rights reserved.
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