A M1CR0EC0N0MIC ANALYSIS OF THE SOCIOECONOMIC SITUATION ALONG THE KAT RIVER WATER BASIN: COMMENT

摘要

According to Mbatha and Antrobus (2008), basic economic models are inadequate for explaining the socio-economic situation of farmers along the Kat River water basin (KRV) as their results do not reflect their empirical findings. However, this is due to the fact that the economic model implemented is not tailored according to the specific characteristics of the region. Therefore, this paper incorporates the latter in a microeconomic model. Once all the relevant factors are accounted for, an economic model may very well suffice to depict the socioeconomic situation present in the KRV, which is in contrast to previous findings.