Research student profile: Karunagaran Madhavan

Project title

Economics of Managing Pollution in a Catchment and in a Lake

Project overview

The aim of my research is to determine a mechanism for allocating funds to abatement activities across time (each year) and space (agricultural areas in the catchment) so that the probability of an algal bloom at any given time is kept at an acceptable level.
Currently, the mechanism practiced by Sydney Catchment Authority (SCA) does not consider the economic tradeoff between the cost of funding abatement activities and the cost of damages caused by phosphorous pollution. As a result, this mechanism is unable to channel the available fund efficiently to encourage abatement activities in agriculture.
In this research, I will derive an optimal time path for allocating mitigation funding. Then I will derive an optimal spatial allocation of funding mitigation options in each time step. Finally both models will be integrated together by using parameter values based on the data related to Warragamba Dam.
Findings from this research will help SCA to improve their existing approach by incorporating economic tools for allocation of abatement efforts. This mechanism will ensure cost-effective reduction of pollution loads, at the same time ensuring high standard of water quality in the lakes managed by SCA.

Background

I am from Malaysia and completed my Bachelor of Economics and Masters of Economics from University Putra Malaysia. I have been working as an economic lecturer at the University Technology of MARA (UITM) in Malaysia for the last nine years before embarking on my PhD. I started my PhD in March 2010.
I am the recipient of a University of Sydney World Scholars award.

I have attended the AARES SYMPOSIUM on 30th September 2010 at Sydney Masonic Centre, Sydney, New South Wales.

Publications

  • Chandran, V.G.R, Sharma, and Madhavan, K., “Electricity Consumption-growth nexus: The case of Malaysia”, Energy Policy(2009) doi:10.1016/j.enpol.2009.10.013.
  • Nair, M., Madhavan, K. and Vengadasalam, D., “The effect of trade openness on manufacturing industry in Malaysia: strategies to enhance its competitiveness”, International Journal of Management, Volume 23, Issue 4, December 2006 pp. 878-890.
  • Nair, M., Madhavan K. and Vengedasalam D., “Trade Openness and Competitiveness of the Electronics sector: The Malaysian case”, Journal of International Business Strategy, Volume II, Number 1, 2005, pp.1 -10.
  • Vengedasalam, D., Madhavan, K., and Chandran, G. and Veera, K., “The Competitiveness and Specialization of Manufacturing Export : An Application of the Revealed Comparative Advantages (RCA) Approach for ASEAN-5”, Economics Bulletin, Faculty of Business Management, UiTM, November 2005, Volume 7, ISSN/0128 9675, pp.30 – 41
  • Atchiah, P.J., Vengedasalam, D. and Madhavan, K., “An Evaluation on the impact of FDI, human capital formation, physical capital formation and foreign exchange rate fluctuations on the economic growth of Malaysia from 1970-2000, Economics Bulletin, Faculty of Business Management, UiTM, November 2005, Volume 7, ISSN/0128 9675, pp 106-123
  • Nair, M., Madhavan K. and Vengedasalam D., “Trade Dynamics between China and ASEAN-5 : An Empirical Analysis”, Proceeding of the 30th Annual Conference of Federation of ASEAN Economic Association (FAEA 2005), Makati City, Philippines, November 2005
  • Sofiah, Madhavan, K. and Vengedaslam, D., “Brand Behaviours and Descriptors of Malaysian Teenagers” Proceeding of The 9th International Conference on Global Business and Economics on Management Challenges in Times of Global Change, Seoul, South Korea, 25-28 May, 2005.
  • Vengedasalam, D., Nair, M., and Madhavan, K, “Trade Openness and the Competitiveness of the Malaysian Electronics Sector : An Empirical Analysis”, Proceeding of The 9th International Conference on Global Business and Economics on Management Challenges in Times of Global Change, Seoul, South Korea, 25-28 May, 2005.