The Economics of Sustainable Development The Case of India

This book provides a look at the current status and future potential of sustainable development in India. Macroeconomic developments, regional disparity and poverty situation, the trend in natural resource depletion and environmental degradation, trajecto

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NATURAL RESOURCE MANAGEMENT AND POLICY Editors: David Zilberman Dept. of Agricultural and Resource Economics University of California, Berkeley Berkeley, CA 94720 Renan Goetz Department of Economics University of Girona, Spain Alberto Garrido Department of Agricultural Economics and Social Sciences E.T.S. Ingenieros Agro´nomos, Madrid, Spain EDITORIAL STATEMENT There is a growing awareness to the role that natural resources such as water, land, forests and environmental amenities play in our lives. There are many competing uses for natural resources, and society is challenged to manage them for improving social well being. Furthermore, there may be dire consequences to natural resources mismanagement. Renewable resources such as water, land and the environment are linked, and decisions made with regard to one may affect the others. Policy and management of natural resources now require interdisciplinary approach including natural and social sciences to correctly address our society preferences. This series provides a collection of works containing most recent findings on economics, management and policy of renewable biological resources such as water, land, crop protection, sustainable agriculture, technology, and environmental health. It incorporates modem thinking and techniques of economics and management, Books in this series will incorporate knowledge and models of natural phenomena with economics and managerial decision frameworks to assess alternative options for managing natural resources and environment.

The Series Editors

THE ECONOMICS OF SUSTAINABLE DEVELOPMENT: THE CASE OF INDIA

SURENDER KUMAR TERI University, New Delhi, India

SHUNSUKE MANAGI Yokohama National University, Japan

Surender Kumar TERI University Lodhi Road New Delhi-110003 IHC Complex India [email protected]

Shunsuke Managi Yokohama National University Fac. Business Administration 79-4 Tokiwadai Yokohama Hodogaya-ku 240-8501 Japan [email protected]

ISBN 978-0-387-98175-8 e-ISBN 978-0-387-98176-5 DOI: 10.1007/978-0-387-98176-5 Springer Dordrecht Heidelberg London New York Library of Congress Control Number: 2009926030 # Springer Science+Business Media, LLC 2009 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and re