Six federal reclamation projects and the distribution of income
- 1 June 1967
- journal article
- Published by American Geophysical Union (AGU) in Water Resources Research
- Vol. 3 (2) , 319-332
- https://doi.org/10.1029/wr003i002p00319
Abstract
The major concern of this paper is the effect of Bureau of Reclamation Irrigation Projects on the size distribution of income and means of evaluating these effects. Estimates of the before and after project distributions of income for six recent projects are provided. These estimates are based on Bureau data on the sizes of project farms and on benefit and cost data revised by the author. A social welfare function incorporating income distribution is used to calculate welfare‐weighted benefit‐cost ratios for comparison with the revised efficiency benefit‐cost ratios normally used in project evaluation. All projects were redistributing income in the ‘right’ direction. However, only one of the six projects had a welfare‐weighted benefit‐cost ratio greater than 1. (Key words: Agriculture; economics; planning; resources; water management; water resources)This publication has 2 references indexed in Scilit:
- Adjusted Benefit-Cost Ratios for Six Recent Reclamation ProjectsJournal of Farm Economics, 1966
- Secondary Benefits, External Economies, and the Justification of Public InvestmentThe Review of Economics and Statistics, 1957