The economic value of wetlands in developing countries: a meta-regression analysis

Chaikumbung, Mayula, Doucouliagos, Hristos and Scarborough, Helen 2016, The economic value of wetlands in developing countries: a meta-regression analysis, Ecological economics, vol. 124, pp. 164-174, doi: 10.1016/j.ecolecon.2016.01.022.

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Title The economic value of wetlands in developing countries: a meta-regression analysis
Author(s) Chaikumbung, Mayula
Doucouliagos, HristosORCID iD for Doucouliagos, Hristos orcid.org/0000-0001-5269-3556
Scarborough, HelenORCID iD for Scarborough, Helen orcid.org/0000-0002-0562-1987
Journal name Ecological economics
Volume number 124
Start page 164
End page 174
Total pages 11
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2016-04
ISSN 0921-8009
Keyword(s) Ecosystem services
Value transfer
Wetlands
Developing countries
Summary This paper presents the first comprehensive synthesis of economic valuations of wetlands in developing countries. Meta-regression analysis (MRA) is applied to 1432 estimates of the economic value of 379 distinct wetlands from 50 countries. We find that wetlands are a normal good, wetland size has a negative effect on wetland values, and urban wetlands and marine wetlands are more valuable than other wetlands. Wetland values estimated by stated preferences are lower than those estimated by market price methods. The MRA benefit transfer function has a median transfer error of 17%. Overall, MRA appears to be useful for deriving the economic value of wetlands at policy sites in developing nations.
Language eng
DOI 10.1016/j.ecolecon.2016.01.022
Field of Research 140205 Environment and Resource Economics
0502 Environmental Science And Management
1402 Applied Economics
1499 Other Economics
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30082641

Document type: Journal Article
Collections: Faculty of Business and Law
Department of Economics
2018 ERA Submission
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