Financial and groundwater credit in contractionary environments: Implications for sustainable groundwater management and the groundwater credit crunch

Guy Bates, Mario Beruvides

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

Unsustainable groundwater consumption represents a reliance on environmental credit. A reduction in groundwater credit availability, by policy or physical constraint, can create an environmental credit crunch homologous to a financial credit crunch. This paper presents a logical argument for a systemic, structural isomorphology between groundwater credit and financial credit in a contractionary environment. Monetary policy can be used to contract credit and control the aggregate demand of an economy. As society transitions to sustainable groundwater management, similar policies may be required to facilitate a contraction of groundwater credit. The analysis presented may justify the application of knowledge about monetary policy to groundwater management policy. A comparison of the structural components of each system is presented along with a description of the causal loops of the systems. The assertion of isomorphic structures is further supported by a logical explanation of the mechanisms of systemic interaction between components of each system. This analysis can assist technical managers tasked with groundwater management to better understand this complex technical system.

Original languageEnglish
Title of host publicationInternational Annual Conference of the American Society for Engineering Management 2015, ASEM 2015
EditorsE.-H. Ng, S. Long, A. Squires
PublisherAmerican Society for Engineering Management
Pages454-463
Number of pages10
ISBN (Electronic)9781510816022
StatePublished - 2015
EventInternational Annual Conference of the American Society for Engineering Management 2015, ASEM 2015 - Indianapolis, United States
Duration: Oct 7 2015Oct 10 2015

Publication series

NameInternational Annual Conference of the American Society for Engineering Management 2015, ASEM 2015

Conference

ConferenceInternational Annual Conference of the American Society for Engineering Management 2015, ASEM 2015
CountryUnited States
CityIndianapolis
Period10/7/1510/10/15

Keywords

  • Groundwater Management
  • Sustainability
  • Systems Analysis

Fingerprint Dive into the research topics of 'Financial and groundwater credit in contractionary environments: Implications for sustainable groundwater management and the groundwater credit crunch'. Together they form a unique fingerprint.

Cite this