Water scarcity in Beijing and Shaanxi reveals economic value disparities.
The study compared the economic value of water in Beijing and Shaanxi, China, which have different levels of development. By using a production function model, the researchers analyzed how water resources contribute to economic output. They found that the value of water varies between industries and regions, with different levels of efficiency in water use. The study suggests strategies for improving water resource allocation and industrial development in water-deficient areas.